With president and CEO Joseph Weiss completing his first year in office, IAI has a relatively new cadre of top management executives, but remains focused on the development of new systems and technologies to face future challenges. A key element of the company’s strategy for sustained growth and development is cooperation with its customers, with governments and with other companies, both at home and overseas.
Halfway through a 10-year agreement between Washington and Tel Aviv, the U.S. now gives Israel $3.1 billion each year in foreign military funding (FMF), which is about one-fifth of the total Israeli defense budget, according to a recent report by the U.S. Congressional Research Service (CRS) .The FMF total does not include American money spent on joint missile defense projects with Israel, for which $99.8 million has been requested in Fiscal Year 2013.
Late last month Israel Aerospace Industries and Boeing officials gathered to celebrate the 10th anniversary of their partnership developing the Arrow anti-ballistic missile defense system. At the same time, they announced an extension to the partnership, which at present is working on the Arrow 3 two-stage interceptor.
Raytheon will market the Rafael Iron Dome mobile air defense system in the U.S., the companies announced. Raytheon and Haifa, Israel-based Rafael Advanced Defense Systems also are teaming to offer ballistic missile defense and target missile systems.
Having been developed in some urgency, Rafael’s Iron Dome dual-mission defense system is now operational, and in April an Israel Defense Forces (IDF) battery proved its worth for the first time when several Grad rockets were intercepted after launch from the Gaza Strip into southern Israel.
Israel Aerospace Industries (IAI) hopes that new export orders, such as a $50 million deal to supply unmanned aerial vehicles (UAVs) to Russia, will bolster sales that dipped by 24 percent during the first quarter of 2009.
Man-carried portable air defense systems (Manpads), also known as shoulder-fired anti-aircraft missiles, in the hands of terrorists have a lot of people very worried. It’s debatable how significant the concern really is– particularly in comparison with the threat from other sources.