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Monday, October 23, 2006

Rafael nears agreement with GD and Thales for Spike-ER joint marketing

Spike-ERRafael Armament Development Authority of Israel, General Dynamics (GD) Santa Barbara Sistemas of Spain and European systems house Thales were, according to industry sources, expected to formalise a teaming agreement to market Rafael's Spike Extended Range (Spike-ER) multipurpose missile for France and Spain's Eurocopter AS 665 Tiger HAD/HAP multirole helicopter anti-armour missile competition.

Industry sources said Rafael is currently finalising offset agreements with GD Santa Barbara Sistemas (as prime contractor) and other Spanish companies in anticipation of a final contract agreement by year end.

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