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Wednesday, February 08, 2012

Israel Aerospace Industries secures $150m. foreign deal

EL/M 2032Israel Aerospace Industries (IAI) scored another large defense contract on Tuesday to supply radar systems to a foreign customer for $150 million.

The deal comes just a month after IAI announced that it had signed a $1.1 billion deal with an unnamed Asian country which will include the sale of aircraft, missiles and intelligence systems.

It is the company’s most lucrative deal since the Indian navy bought an aerial defense system for $1.1 billion in 2009.

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