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Home Economy Business & Finance

IAI wins $350 million European special mission aircraft deal

The contract will be carried out by Israel Aerospace Industries' subsidiary ELTA Systems.

by  Reuters and ILH Staff
Published on  06-09-2020 10:51
Last modified: 06-09-2020 10:51
IAI wins $350 million European special mission aircraft dealReuters/Baz Ratner

IAI is Israel's major aerospace and aviation manufacturer | File photo: Reuters/Baz Ratner

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Israel Aerospace Industries has received a $350 million contract from an unnamed European country for special mission aircraft, the defense contractor said on Monday.

IAI, Israel's major aerospace and aviation manufacturer, delivered special mission aircraft to the military and numerous other countries and is one of only a few companies with these technology capabilities in-house.

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Its technology enables high-performance business jets to be used as special mission aircraft. Previously, most of these aircraft, primarily used for collecting intelligence, were based on converted cargo or passenger planes.

IAI has four lines of special mission aircraft: airborne early warning and control aircraft, air to ground surveillance aircraft, maritime patrol aircraft and signal intelligence aircraft that monitor the electromagnetic spectrum.

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