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The proposed transfer of F-16 wing production from Israel to India is not contingent on an order from the Indian Air Force (IAF) according to Lockheed Martin.
Reservist Colonel Eli Alfassi has earlier served as Israeli military attaché in India as well as the head of the Israeli Ministry of Defense delegation to India.
Israel Aerospace Industries (IAI) CEO, Itzhak Nissan and the Director General of the Oboronprom Russian Industrial Corporation, Andrey Reus, signed an agreement on Tuesday to sell UAV assembly elements and services to Oboronprom from next year.
Fire-X, an unmanned cargo version of the Bell 407 utility helicopter was supplied external power for the first time earlier this month and is expected to fly by the end of the year. The Fire-X combines the qualities of the Bell 407 and Northrop Grumman MQ-8B Fire Scout.
The European arms firm MBDA has offered its services for stockpile management to the Indian armed forces, saying it can help achieve cost savings of up to 30 per cent, besides configuring life extensions of existing stock and improving safety.
The Indian Navy has issued a Request For Information for the procurement of a Vertical Take Off and Landing Unmanned Aerial Vehicle .
Israel Aerospace Industries has seen a fall in sales in 2009 from 2008 and has attributed this drop to the economic crisis affecting the company’s commercial aviation business.
The German Army is to deploy the Israeli Heron UAV to increase their ISR capabilities in Afghanistan.
Quoting Israeli defense officials, a Jerusalem Post report has blamed the controversy over the $1.4 billion Medium Range Surface to Air Missile (MRSAM) contract awarded to Israel Aerospace Industries (IAI) on Russian and US defense companies, Muslims in India and has speculated on the involvement of Iran as well, in attempting to scuttle the deal.
The allegations of impropriety raised against the $1.4 billion Medium Range Surface-to-Air Missiles contract with Israel Aerospace Industries have elicited a response from the IAI, which has come out with a guarded denial to these allegations by issuing a statement without naming any specific contract, customer or country.
• Sales in 2008 reach $3.6 billion, compared to $3.3 billion in 2007, an increase of 9 percent
• $91 million net profit in 2008, compared to $118 million in 2007, a decrease of 23 percent
• Profit before early retirement expenses reaches $195 million, compared to $157 million in 2007, an increase of 24 percent
• Backlog as of December 31, 2008, reach $7.1 billion, reflecting two years worth of sales
• Cash flow from current projects reaches $123 million