High-tech worldwide with IAI
Article Abstract:
Moshe Keret, CEO of Israel Aircraft Industries (IAI), believes the consolidation of the Israeli defense industry is necessary but believes the transition from a state-owned to a private entity would be a lengthy process. Keret points out that IAI is a profitable company and is not dependent on the Israeli government for support. He emphasized that IAI is not reliant upon the government for funding its R&D projects since a part of its revenues are allocated for these activities.
Publication Name: Military Technology
Subject: Military and naval science
ISSN: 0722-3226
Year: 2000
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Israeli consolidation on the move
Article Abstract:
Israel Aircraft Industries has announced that its wholly-owned subsidiary ELTA Ltd will form a joint venture with Tadira Ltd's 100%-owned subsidiary Elisra Electronic Systems Ltd for the marketing of military electronics systems. The two companies will initially focus on marketing and will jointly bid for contracts in Israel and abroad. The companies will eventually form a jointly-owned company as part of their long-term business plan.
Publication Name: Military Technology
Subject: Military and naval science
ISSN: 0722-3226
Year: 1999
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Elbit Systems Ltd
Article Abstract:
Elbit Systems is the largest private company in Israel with 1,900 employees. Its turnover in 1999 amounted to $436 million while its net income reached $31 million while book orders were worth $736 million. Its net income for 1st qtr 2000 was $7.7 million higher than for the same period in 1999. Its order backlog for the 1st qtr had a value of $750 million, $14 million higher than for the same quarter in 1999.
Publication Name: Military Technology
Subject: Military and naval science
ISSN: 0722-3226
Year: 2000
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