IAI signs $1.1b arms deal with Asian Country

Discussion in 'Foreign Relations' started by SpArK, Jan 9, 2012.

  1. SpArK

    SpArK SORCERER Senior Member

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    Israel Aerospace signs $1.1 billion sale to Asian client:shocked:

    From Reuters | Mon, 09/01/2012 - 07:21
    JERUSALEM (Reuters) - Israel Aerospace Industries (IAI) will sell weapons systems worth more than $1.1 billion (712.8 million pound) 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.

    IAI, Israel's biggest arms firm, develops military and commercial aerospace technology, including communications satellites, unmanned air systems, naval attack missiles and business jets and upgrades combat aircraft and helicopters.

    Israel plans a public offering of 20-30 percent of IAI this year, the Finance Ministry said in April.

    TheMarker financial news website had reported that the company, which had sales of $3.15 billion in 2010, was expected to be valued at $2.5-3 billion at privatisation.

    Reuters | Interactive Investor

    Ahead of Krishna's visit to Tel aviv..:shocked:
     
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  3. KS

    KS Bye bye DFI Veteran Member

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    I think this is an old news....remember seeing it few months ago, though now not able to dig out the thread.

    Anyway there is a good chance that it might be India, considering that only a part of India-Israel defence transactions are made public.
     
  4. SpArK

    SpArK SORCERER Senior Member

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  5. mayfair

    mayfair Elite Member Elite Member

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    Why unidentified? Was it specifically requested by the customer?
     
  6. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Could be India or Singapore.

    Awaiting more details. Maybe SM Krishna will give good news.
     
  7. Sridhar

    Sridhar House keeper Moderator

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  8. SpArK

    SpArK SORCERER Senior Member

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    Krishna Discusses Trade, Security With Israel

    External Affairs Minister S M Krishna today arrived here on a two-day visit to Israel, the first by an Indian Foreign Minister in over a decade, that comes amidst political turmoil in the Middle East.

    Krishna drove down from Jordan via the Allenby Bridge border post and was received by Indian envoy to Israel Navtej Sarna and officials of the Israeli Foreign Ministry here.

    Krishna, who is on a visit to the Middle East, had met his Jordanian counterpart Nasser Judeh yesterday.

    The Minister's visit to Jordan came close on the heels of Amman playing host to Israeli and Palestinian negotiators on January 3, the first in more than a year.

    The visit by Krishna is being seen as a means to understand the recent developments in the region.

    India looks at Jordan as a key nation in the region which is trying to revive the Middle East peace process, sources said, adding the country was also important for India's food security. Jordan is one of the crucial providers of fertiliser inputs like rock phosphate, phosphoric acid and potash.

    Sources said various issues including the Arab Spring were discussed during the meeting between Krishna and Judeh.

    Krishna was apprised of the situation in the region and the Minister commended the Jordanian effort on the peace initiative between Israel and Palestinian Authority.

    Krishna is understood to have told his Jordanian counterpart that there is no problem that dialogue cannot solve issues and also reaffirmed India's stand on Palestine.

    On the bilateral front, Jordan wished for a further cooperation at business to business level and expressed keenness to have a joint venture with India on supplying fertilizers.

    Jordan also expressed interest in providing visa on arrival facility for Indians and pitched for an increase in bilateral trade.

    Meanwhile, during his visit here, Krishna is expected to meet Israeli President Shimon Peres and Prime Minister Benjamin Netanyahu, besides holding talks with Deputy Prime Minister and Foreign Minister Avigdor Lieberman.

    Cooperation in defence, security, agriculture and science and technology are expected to figure prominently in the discussions amid India's keenness to widen the scope of partnership in the field of defence, the sources said.

    They said from a buyer-seller relationship, both sides are looking at expanding their relations.

    Anti-terror cooperation is also expected to figure in the discussions, against the backdrop of growth in this aspect of the relationship since the Mumbai 2008 attacks in which six Israeli nationals were killed.

    Krishna is scheduled to meet President Peres later in the evening. As per his schedule, Krishna will first visit the Holocaust Memorial and take a tour of the Indian Hospice in Jerusalem.

    Ambassador Sarna will also be hosting a reception for Krishna in Tel Aviv.

    Krishna's visit to Israel assumes significance because the last such trip took place in July 2000 when the then External Affairs Minister Jaswant Singh travelled here.
    FILED ON: JAN 09, 2012

    news.outlookindia.com | Krishna Discusses Trade, Security With Israel
     
  9. ganesh177

    ganesh177 Regular Member

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    Since its unidentified, i hope its not china.
     
  10. Tshering22

    Tshering22 Sikkimese Saber Senior Member

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    China related news is not even revealed to the public mate. I do have a hunch it is us since we only see around 5% of the deals on surface.
     
  11. bhramos

    bhramos Elite Member Elite Member

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    It could be even Vietnam as its President visited Israel 3 months ago......!!!!!!!!!!
     
  12. bhramos

    bhramos Elite Member Elite Member

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    Self Delete
     
    Last edited: Jan 9, 2012
  13. sayareakd

    sayareakd Moderator Moderator

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    what is the product then we will know the country.
     
  14. Sridhar

    Sridhar House keeper Moderator

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    [h=2]IAI signs $1.1b arms deal with India[/h][​IMG]Published January 10, 2012

    SOURCE: GLOBES ISRAEL
    [​IMG]
    Israel Aerospace Industries Ltd. (IAI) has signed one of its largest arms deals, for the sale of $1.1 billion worth of missiles, anti-missile systems, unmanned aerial vehicles (UAV), intelligence and other systems.
    In a brief notice to the Tel Aviv Stock Exchange (TASE), IAI announced that it has signed a four-year $1.1 billion arms deal with an Asian country. It did not name the customer or the systems that would be sold, but said that advances would be paid in exchange for guarantees in the same amount.
    Sources inform ”Globes” that IAI has been in intensive talks with Indian defense procurement officials. Other Israeli defense companies have simultaneously been offering India their wares in an attempt to win the huge contract. IAI CEO Yitzhak Nissan personally led the negotiations for the company, which has already signed large arms deals with India, including for the sale of Barak ground-based and ship defense missiles, accelerated its negotiations.
    A source close to the deal told “Globes” that it would greatly boost IAI’s orders backlog, and is a major personal achievement for Nissan at a time when the global defense market is in crisis following the US departure from Iraq and other countries slash defense spending. “A deal of this size should not be taken for granted at a time when many countries are cutting their defense spending because of uncertainty in global markets. Nissan succeeded in reaching a mega-deal that will give IAI financial and job security for years,” the source said.

    IAI signs $1.1b arms deal with India | idrw.org
     
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  15. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    IsraelNationalNews is speculating that it could be S.Korea and the sale is regarding a air-combat training system

    Billion Dollar Weapons Sale to Asia - Defense/Security - News - Israel National News

    Israel Aerospace has won the $1.1 billion prize in competition for supplying weapons systems to an unidentified Asian country.


    Israel Aerospace Industries has won the $1.1 billion prize in competition for supplying weapons systems to an unidentified Asian country.
    Israel previously has exported to India, China, Singapore and South Korea. The sale over a period of four years will boost Israel Aerospace’s revenues, which were $3.15 billion for all of 2010.
    Although the purchasing country was not announced, South Korea has been offering trade incentives if Israel buys 25-30 supersonic trainer jets to replace Skyhawks, which date back to the period of the Vietnam War.
    Israel's Defense Ministry Director Udi Shani flew to South Korea this week for talks about the $1 billion trainer jet purchase that Korean Aerospace Industries and Italy’s Alenia Aermacchi want to sell to Israel.
    Italy has offered deals with Israel Aerospace if the Defense Ministry chooses it as the supplier, but Korea has matched and upped the offer. Korea also has threatened that if Israel were to buy the trainer jets from Italy, it would cancel further purchases.
    Seoul has shown interest in buying Israel’s Iron Dome system, designed to intercept short-term missiles, unmanned aerial systems and anti-tank missiles.
     
  16. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    And according to Xinhua, its a "new" client.

    Israel aerospace giant seals 1.1-billion-U.S. dollar deal with Asian nation|chinadaily.com.cn

    JERUSALEM, January 9 (Xinhua) -- Israel Aerospace Industries (IAI) has signed a 1.1-billion-U.S. dollar deal with an Asian client for the supply of weapons systems, the state-owned defense contractor announced Monday.

    In a notice to the Tel Aviv Stock Exchange earlier, IAI said that advances would be paid in what is the second-largest contract in the company's history.
    The customer and the systems that have been ordered were not identified, but an Israeli defense official told Xinhua they include intelligence-gathering systems, unmanned aerial vehicles, anti-missile defense platforms and other armaments.
    "The client is new, and the deal will boost IAI's orders backlog to an all-time record of 10 billion U.S. dollars, a significant figure considering the current crisis in the global arms market," said the official, who spoke on condition of anonymity.

    Asia has become IAI's leading market over the past decade, with India, South Korea and Singapore topping a long list of clients.
    In 2010, India's Defense Ministry awarded IAI a 1.4-billion-U.S. dollar contract - the largest it ever signed with a foreign buyer.
    IAI President and CEO Itzhak Nissan has personally led " intensive negotiations" with Indian defense procurement officials in recent months, while other Israeli arms makers have simultaneously been racing to offer their products in a bid to secure a mega contract with New Delhi.

    In a company statement, Nissan said the latest deal testifies to IAI's success in opening new markets to Israel.

    "The contract is the product of a business culture oriented towards creating large contracts that will enable IAI's to continue growing," Nissan said.
     
  17. Sridhar

    Sridhar House keeper Moderator

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    Nissan, for his part, is hurt and angry. Although he kept a poker face today, and did not display his emotion, other IAI executives and defense establishment officials expressed shock at Baharav's decision, especially in the wake of IAI's $1.1 billion arms deal with India, which boosts the company's orders backlog to $10 billion.

    IAI CEO Yitzhak Nissan to step down - Globes
     
  18. Poseidon

    Poseidon Regular Member

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    IAI signs $1.1b arms deal with India.

    [h=1]IAI signs $1.1b arms deal with India.[/h] [h=2]Israel Aerospace Industries will sell India missiles, anti-missile systems, UAVs, intelligence and other systems.[/h]
    9 January 12 15:11, Yuval Azoulai



    inhare​
    Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has signed one of its largest arms deals, for the sale of $1.1 billion worth of missiles, anti-missile systems, unmanned aerial vehicles (UAV), intelligence and other systems.


    In a brief notice to the Tel Aviv Stock Exchange (TASE), IAI announced that it has signed a four-year $1.1 billion arms deal with an Asian country. It did not name the customer or the systems that would be sold, but said that advances would be paid in exchange for guarantees in the same amount.
    Sources inform ''Globes'' that IAI has been in intensive talks with Indian defense procurement officials. Other Israeli defense companies have simultaneously been offering India their wares in an attempt to win the huge contract. IAI CEO Yitzhak Nissan personally led the negotiations for the company, which has already signed large arms deals with India, including for the sale of Barak ground-based and ship defense missiles, accelerated its negotiations.
    A source close to the deal told "Globes" that it would greatly boost IAI's orders backlog, and is a major personal achievement for Nissan at a time when the global defense market is in crisis following the US departure from Iraq and other countries slash defense spending. "A deal of this size should not be taken for granted at a time when many countries are cutting their defense spending because of uncertainty in global markets. Nissan succeeded in reaching a mega-deal that will give IAI financial and job security for years," the source said.

    Published by Globes [online], Israel business news - www.globes-online.com - on January 9, 2012


    IAI signs $1.1b arms deal with India - Globes
     
  19. KS

    KS Bye bye DFI Veteran Member

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    IAI signs $1.1b arms deal with India

    [​IMG]

    Israel Aerospace Industries Ltd. (IAI) has signed one of its largest arms deals, for the sale of $1.1 billion worth of missiles, anti-missile systems, unmanned aerial vehicles (UAV), intelligence and other systems.

    In a brief notice to the Tel Aviv Stock Exchange (TASE), IAI announced that it has signed a four-year $1.1 billion arms deal with an Asian country. It did not name the customer or the systems that would be sold, but said that advances would be paid in exchange for guarantees in the same amount.

    Sources inform ”Globes” that IAI has been in intensive talks with Indian defense procurement officials. Other Israeli defense companies have simultaneously been offering India their wares in an attempt to win the huge contract. IAI CEO Yitzhak Nissan personally led the negotiations for the company, which has already signed large arms deals with India, including for the sale of Barak ground-based and ship defense missiles, accelerated its negotiations.

    A source close to the deal told “Globes” that it would greatly boost IAI’s orders backlog, and is a major personal achievement for Nissan at a time when the global defense market is in crisis following the US departure from Iraq and other countries slash defense spending. “A deal of this size should not be taken for granted at a time when many countries are cutting their defense spending because of uncertainty in global markets. Nissan succeeded in reaching a mega-deal that will give IAI financial and job security for years,” the source said.

    IAI signs $1.1b arms deal with India | idrw.org
     
    Last edited: Jan 10, 2012
  20. Immanuel

    Immanuel Senior Member Senior Member

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    I wonder what happened to the Spyder ADS, have deliveries begun? They were suppossed to begin deliveries by last year march however, no news, i wonder if they were secretly installed into our network :)

    Also, the version we bought of Sypder ADS, does it have the old 4 missile launcher with 2 Derby and 2 python per launcher or the newer 8 missile launcher with 4 derby and 4 python.

    This new deal, could it be that more Sypder ADS system were ordered?
     
  21. pack leader

    pack leader Defence Professionals Defence Professionals

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    this deal is with Vietnam and a great achievement for IAI
    a new mid size client with a booming economy and serious military needs
    we have hit the jack pot
    all that is left is to pick the Korean jet trainer for the iaf and our defense exports will be safe in the foreseeable future
     
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