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Israel Aerospace Industries (IAI) debuts a UAV that looks like the US rotary heavy-lift workhorse, the Chinook.
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.
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.
Company sales for the third quarter of 2009 reached $678 million, compared to $877 million for the third quarter of 2008, a 23 percent decrease.
The German Army is to deploy the Israeli Heron UAV to increase their ISR capabilities in Afghanistan.