IAI signs $1.1b arms deal with Asian Country

[sob]

Good news for IAI. This will give Vietnam much needed muscle against it's giant neighbour.

 

[arya]

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

some one saying deal with india you are saying deal with vietnam ???

can any have right information

 

[Sridhar]

Only the Govt(s) involved can confirm that has not come yet.All we have are a couple of speculative articles . Even some users in other forums say it can be South Korea.

 

[KS]

Only the Govt(s) involved can confirm that has not come yet.All we have are a couple of speculative articles . Even some users in other forums say it can be South Korea.

But IAI has confirmed it right..?

 

[Sridhar]

The timing of the announcement came days after reports that Udi Shani, director general of the Israeli defence ministry, had visited Italy and South Korea earlier this month to discuss Tel Aviv's advanced jet trainer competition.

IAI tight-lipped over $1.1bn deal with Asian customer

 

[Sridhar]

But IAI has confirmed it right..?

None that I am aware of. If you know any link Please let me know.

Only Globes of Israel has said it is India citing Unnamed Sources. But IAI in it filing to Tel Aviv Stock Exchange has not named the Customer But has said it is Asian.

 

[sukhish]

Come on guys it's India. Only India signs such kind of deals.

 

[SpArK]

The timing of the announcement came days after reports that Udi Shani, director general of the Israeli defence ministry, had visited Italy and South Korea earlier this month to discuss Tel Aviv's advanced jet trainer competition.

IAI tight-lipped over $1.1bn deal with Asian customer

Why are they tight lipped over SKorea.

Secrecy to NKorea and China?

 

[pack leader]

some one saying deal with india you are saying deal with vietnam ???

can any have right information

maybe i didn't mention it but i work for iai bedek division
:cool2:

 

[Payeng]

If it is Vietnam I hope the deal is for the Barak 8 system.

 

[p2prada]

maybe i didn't mention it but i work for iai bedek division
:cool2:

The deal is too small for it to be India. :thumb:

 

[ejazr]

Someone mentioned that IAI has been blacklisted by Defence ministry as part of a corruption investigation in 2010 and all deals have been put on hold. So until that case is resolved we won't see any direct deals with IAI. And God knows when, given that Bofors took 10-15 years to get of the blacklist.

We have openly signed billion+ dollar deals with Israel before so it would be unlikely that this deal would be hidden in this way.

Does anyone have any info on wether IAI has been blaclisted by MoD?

 

[ejazr]

Ok, I think we can confirm that the client is not India unfortunately. Israeli news media outlet Globes came out with a retraction of its India story. So why the secrecy with Vietnam if pack leader is correct?
Is it so as to not offend China perhaps?

IAI signs largest ever deal - Globes

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has signed the second stage of a huge deal with an Asian country, which makes the deal the largest in the company's history - $1.6 billion.

IAI notified the TASE on Sunday about the first stage of the deal for the supply of a range of arms system for $1.1 billion to an Asian country. It did not disclose the name of the country or the systems to be supplied.

IAI will supply unmanned aerial vehicles (UAV), state-of-the-art missiles, including sea-to-sea missiles, and sophisticated radar systems, including the Green Pine, made by IAI's Elta Systems subsidiary, which is part of the Arrow anti-ballistic missile system.

IAI will supply the systems over four years. The second $500 million deal was signed after IAI met the customer's demand for guarantees, and the procedures for their approval were completed.

The deal surpasses the $1.4 billion contract with India signed two years ago for the supply of Barak ship defense missiles and other defense systems.

A confidential client

At the request of the customer in the present deal, the details of the country have been kept confidential, and IAI and the defense establishment are not disclosing its identity. However, this is the first time that the country has signed a contract with IAI, a fact which itself indicates the complexity of the deal and the need for confidence building measures by the parties

Defense establishment sources involved in the deal said that IAI representatives recently held intensive negotiations with the unnamed country's team, after two years of talks. IAI CEO Yitzhak Nissan handled the critical stages of the negotiations.

In an earlier report about the deal, "Globes" incorrectly said that the customer was India.

Published by Globes [online], Israel business news - Globes - Israel business news - on January 12, 2012

 

[sukhish]

no sir it was india only, this was reciprocal. we offered them the defense deal and they offered us the support for UNSC permanent seat.
India is dying to become a permanent member.

 

[Dovah]

no sir it was india only, this was reciprocal. we offered them the defense deal and they offered us the support for UNSC permanent seat.
India is dying to become a permanent member.

Dude, the newspaper has published a retraction, an employee at IAI has already said it was Vietnam...any sources for your claim?

 

[KS]

maybe i didn't mention it but i work for iai bedek division
:cool2:

With Vietnam ?...and that too Green Pine radars ??!

Holy cow..The game just got more interesting.

 

[ganesh177]

And what reason does vietnam has to keep the deal hidden like this ?

 

[Bhadra]

Dude, the newspaper has published a retraction, an employee at IAI has already said it was Vietnam...any sources for your claim?

That is a good news.

 

[Ray]

It could be China because the Chinese would not like to be identified as being a 'waqrmongering' nation!

Or Vietnam too!

They would like to spring a surprise on China!

 

[JAISWAL]

ok,
cant it be saudi-arebia. It might be budding of new co-relation between SAUDI-AREBIA and ISRAEL against IRAN.