Jul 12, 2009
Israel's defence ministry has awarded Elbit Systems a USD 10 million contract to support operations of its air force Beechcraft T-6A trainers for the next five years. Also covering maintenance of the eventually 20-strong fleet, the deal includes an option for a follow-on period of another five years. Dubbed the Efroni in Israeli service, the T-6 is replacing the air force's CM-170 Zukit (Fouga Magister) jets, which had supported its pilot training activities for the past several decades. Jul 8, 2009
Elbit Vision Systems Ltd. announced that it has received a bridge loan in an aggregate amount of 1.982 million NIS from M.S.N.D. Real Estate Holdings Ltd, its controlling shareholder. Jul 7, 2009
Israel Aerospace Industries, Saab
The USA forced Israel Aerospace Industries to withdraw a proposal to supply an advanced radar to Saab as part of the Swedish company's effort to win a fighter contest in India potentially worth USD 12 billion. Sources in Israel said on 5 July that...