Israel Aerospace wins $350 million European special mission aircraft deal
Israel Aerospace Industries (IAI) [ISRAI.UL] has received a
$350 million contract from a European country for special mission aircraft, the
state-controlled company said on Monday.
The contract will be carried out by IAI’s ELTA Systems. IAI
did not name the European country.
IAI delivered special mission aircraft to the Israel Defence
Forces and numerous countries and is one of only a few companies with these
technology capabilities in-house.
Its technology enables high-performance business jets to be
used as special mission aircraft. Previously, most of these aircraft, primarily
used for collecting intelligence, were based on converted cargo or passenger
planes.
IAI has four lines of special mission aircraft: airborne
early warning and control aircraft, air to ground surveillance aircraft,
maritime patrol aircraft and signal intelligence aircraft that monitor the
electromagnetic spectrum.
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