IAI will supply weapons systems – the capital market

While investors await an IPO by the aerospace industry, the arms giant has announced that it has signed supply agreements with Asian customers. The company will provide armament systems with a total value of more than $ 100 million.

Recall that one of the opponents is the State Comptroller who points out that there is not enough data for the state to conduct a proper valuation to go public. The value of public assets on their way to becoming private or traded is one of the sensitive issues in the field of public policy. Suffice it to mention the huge criticism that the sale of Dead Sea minerals to the Ofer brothers drew to clarify this point.

Back to the deal, IAI announces that it has recently signed three significant deals totaling over $ 100 million under which it will supply weapons systems in the field of roaming armaments (Loitering Munitions)). Among the deals: winning an international tender and selling valid skimmer systems – ‘harness’ to a foreign country, selling HAROP systems to the navy of a country in Asia and the harop systems in a terrestrial configuration to another customer in Asia.

The ‘Naval Harpoon’ system provides an operational response to a variety of vessels from light ships to frigates for combat in the naval arena. In a complex naval arena, the Arup system allows the commander of the mission in the surface ships fleet an organic and independent attack capability that combines intelligence gathering and closing a circle. The intelligence obtained from Europe is integrated directly into the control room of the vessel and enables rapid, accurate and lethal operational decision-making.

Harness is the first attacking glider in operational use in the armies of the world as a small wanderer based on a glider platform and is a force multiplier for tactical forces in a variety of combat scenarios – in continuous security (BTS) and maneuverability alike. While combining simple and intuitive operating mechanisms for a single warrior on a tablet.

The roving armaments family, developed by IAI, now includes the Harpy-NG – a third-generation rover from an anti-radiation home, the Harup, a second bullet for an accurate electro-optical attack system, the Mini-Harpy as an advanced tactical-dual armament, and the Green-Dragon tactical roving armament systems. And the ‘harness’. IAI is a national and global technological knowledge hub in the fields of assault missiles, air defense, radars, satellites, remotely manned vehicles, civil aviation and cyber.

IAI CEO Boaz Levy: “IAI is a global pioneer in the development of the operational concept of roving armament systems, which has matured into a unique and accurate assault systems family. The systems that have led to impressive achievements in operational capability in combat around the world, are a key and crucial weapon of attack on the advanced and future battlefield. These deals are further proof of the importance and trust given to accurate armament systems in the tool arsenal of a modern army and to be a milestone in the additional business activity in this field. IAI will continue to develop and improve a variety of attack systems to provide an accurate operational response to its customers around the world. ”