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Monday, January 09, 2012

Israel Aerospace sells $1.1 bln arms to Asian nation

Israel Aerospace IndustriesIsrael Aerospace Industries will sell weapons systems worth more than $1.1 billion to an Asian country over the next four years, the state-owned defence contractor said on Monday.

It said the deal had been signed but did not identify the buyer. Israel's past defence trading partners in Asia have included Singapore, South Korea, India and China.

The sale includes IAI aircraft, missiles and intelligence technologies, an Israeli defence industry source told Reuters.

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