To date, IAI has delivered seven Hunter systems to the US Army, one to the French Army, and three to the Belgian Army.
Sources inform “Globes” that Northrop Grumman (NYSE:NOC) has bought 14 Hunter unmanned aerial vehicles (UAVs) from Israel Aircraft Industries (IAI) for $16 million.
The deal was made possible after the US Department of Defense granted Northrop Grumman a $33 million supplementary budget to develop, assemble, and buy Hunter UAVs. Defense industry sources said half the money would be transferred to IAI, as per the contract.
Northrop Grumman is the chief contractor for US Army UAVs and for the development of innovative technologies. The Hunter flew 3,000 hours on 600 combat missions during the Iraq War.
IAI's UAV division builds the Hunter. To date, IAI has delivered seven Hunter systems to the US Army, one to the French Army, and three to the Belgian Army.
Published by Globes [online] - www.globes.co.il - on January 20, 2004