Israel has signed a reciprocal procurement agreement with Boeing that will see the company spending billions of dollars if it wins major Israeli defense contracts.
The “reciprocal procurement” agreement will have Boeing collaborate with Israeli companies for at least 35 percent of the value of any transaction it signs with the Israeli government, Reuters reported Wednesday.
The Economy Ministry said Boeing is in competition in Israel for a number of important tenders, including the manufacture of additional F-15 aircraft, refueling planes and transport helicopters.
The ministry said Israel expects to spend over $10 billion with Boeing over the next decade, and the deal will mean $3.5 billion worth of new business in Israel, according to Reuters.
It is thought the deal could ease concerns within Israel’s defense industry that the US aid package to Israel — the biggest of its kind, giving Israel $38 billion in military assistance over ten years starting from 2019 — could decimate local industry due to its requirement that all the money eventually be spent on US-manufactured arms.
In May, the Defense Ministry told lawmakers that up to 22,000 workers in the defense industry could lose their jobs amid $1.3 billion in annual losses unless US President Donald Trump agreed to reverse a clause in the US military aid package to Israel that insists the money only be spent on US-made arms.
One clause specifies the gradual phasing out of a practice that has enabled Israel to use 26.3 percent of the cash on its own defense industries. By 2028, all of that money will have to be spent on US-made military hardware.
Israel Aerospace Industries (IAI) has won a $550 million contract to provide its “Sky Capture” Air Defense system to an unnamed Asian nation. Sky Capture is a command and control system for anti-aircraft systems, with information fusion based on multiple sensors, including advanced fire control and detection radars, electro-optical sensors all made by IAI and ELTA systems, the company said in a statement Monday
Elta, a unit of Israeli Aerospace Industries may have won a prized contract to supply Multimode Fire Control Radars for Indias Light Combat Aircraft (LCA) ‘Tejas fighter jet. The company, in an October 16 press release announced a “$55-million contract for Multimode Airborne ELM-2032 Fire Control Radars to be installed on newly produced advanced combat aircraft of an Asian country
Indias Tech Mahindra and Israeli ELTA Systems, a subsidiary of Israel Aerospace Industries (IAI have partnered to provide cyber solutions and services to government and enterprise customers in India and around the world. The partnership will enable the companies to design and deliver bespoke Security Operation Centres (C-SOCs), Computer Emergency Response Teams (CERTs) and Forensic Laboratories, leveraging on automation and orchestration tools, AI and Machine learning analytics
The Israeli Air Force (IAF) has stated in its initial inquiry that extensive and inaccurate Syrian anti-aircraft (Surface to Air missile) fire caused the Russian plane to be hit and downed. It also has stated that the missiles that hit the Russian plane were launched by the Syrian Army and the IAF jets were already within Israeli airspace during the time of incidence
The German conglomerate, ThyssenKrupp Marine Systems is liable to lose Israel as a customer if it turned out that corruption was involved in the submarines case. The Germany government will not be able to export three more submarines to Israel if indictments are filed in the submarines case (case 3000)
The Israeli Defense Forces destroyed the headquarters of the Hamas run TV station, 'Al-Aqsa' during an airstrike on Monday The An-Nasr based TV headquarters located in the west of Gaza was razed to the ground during a raid. The raid was a part of a fresh volley of airstrikes and rocket attacks meant to target areas throughout the Gaza strip resulting in the death of many denizens, including a Hamas commander
Israeli Defense Forces Iron Dome intercepted three of 17 rockets that were launched from Gaza. “An exchange of fire broke out during which one IDF officer was killed and an additional IDF officer was moderately injured
Israel Defense companies will now be able to negotiate sale of unclassified weapons without prior approval from the Israeli Defense Export Control Agency(DECA). The change is designed to ease regulations applying to defense exports and shorten the process of approval for them,
Boeing has won a $20 million contract in support of the United States Navys T-45 aircraft Service Life Extension Program (SLEP). The modification exercises an option for the production and delivery of SLEP retrofit kits and support equipment/special tooling, as well as retrofit engineering and logistics to support the installation of associated technical directives, the US Department of defense said in a statement Wednesday
Turkish S-400 Air Defence Systems to have Local Software: Foreign Minister
Ukraine developing Weapons, Systems for Combat Helicopters
Northrop Grumman to Build Airborne Laser Mine Detection System for US Navy
Russian MiG-31 fighter was downed by friendly fire: Report
Spectacular debut by Indian LCA Tejas fighter jet at Malaysian airshow
Russian Yak-130, Indian Tejas, 3 Others Receive Malaysian Light Fighter RFI
Russia Reveals Export Version of Su-57 Stealth Fighter jet, to Target Middle...
IAF Close To Buying 21 MiG-29 Fighter Jets For $900M
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...