Israel Aerospace Industries is in talks to sell electronic systems to a foreign military.
( Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) is negotiating a deal for the sale of electronic systems to a foreign military to the tune of $1.2 billion.
"The company is pleased to announced that it is in the advanced stage of negotiations on the development of military electronic systems and their sale of to a foreign customer for a total sum of $1.2 billion. The period of the contract is five years," the company said in a laconic notification to the Tel Aviv Stock Exchange this morning.
IAI develops military and civilian aircraft, missiles, and military electronics products. The state-owned company's bonds are traded on the Tel Aviv Stock Exchange.
Published by Globes [online], Israel business news - www.globes-online.com - on July 13, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013