×

Maintenance Repair & Overhaul Space Air Cargo

Home- Stories

Boeing and Israel Aerospace Sign Pact, to Pursue Aviation Deals

: Nov 29, 2018 - : 4:05 am

Boeing and Israel Aerospace Industries have signed a strategic agreement setting out principles of cooperation between the two companies in commercial and military aviation, in Israel and other markets around the world.

According to the agreement, Boeing is expected to provide IAI with work packages totaling potentially billions of shekel, relating to potential future Boeing sales of defense products to Israel, including new tanker aircraft. The agreement also covers cooperation in other transactions Boeing expects to participate in worldwide.

The “term sheet” agreement reflects Boeing’s commitment to Israel and its activities there. The Israeli Air Force is evaluating the procurement of world class Boeing platforms that could total more than $10 billion, including the sale of fighter aircraft, helicopters, and tanker aircraft. If Boeing is successful, it could place work at IAI worth billions of shekel.

IAI and the State of Israel have already cooperated for many years with Boeing in the development and manufacture of the Arrow system, production of parts for commercial airplanes, and a wide array of service activities. This decades-long partnership is now set to continue on a broader and deeper basis.

“IAI has for decades viewed Boeing as a strategic partner in many areas, both military and civil,” Harel Locker, Chairman of IAI, said. “The Term Sheet which was signed last week will further strengthen and deepen the existing cooperation between the two companies, acting in partnership and synergy in Israel and internationally in many varied fields. I am grateful to the Ministry of Defense for its assistance in reaching this agreement with Boeing.”

MORE NEWS

Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.

Popular Posts

Copyright 2024. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us