August 25, 2016 6:56 PM ET

Aerospace and Defense

Company Overview of Israel Aerospace Industries Ltd.

Company Overview

Israel Aerospace Industries Ltd. develops and produces military and commercial aerospace and defense systems worldwide. It provides space systems, including communication and observation satellites, launchers, ground stations and systems, and subsystems and components; and unmanned air systems comprising electro-optical and radar payloads, inertial systems, maritime solutions, ground control and airborne systems, and data terminals. The company also offers theater defense systems; military aircraft and helicopters maintenance and upgrade services, including services for special mission and military aircraft, aero structures and wiring, training solutions and systems, operational support prod...

Ben Gurion International Airport

Lod,  70100

Israel

Founded in 1953

Phone:

972 3 935 3111

Key Executives for Israel Aerospace Industries Ltd.

Chief Executive Officer and President
Age: 65
Chief Financial Officer
Age: 46
Vice President of Operations
Executive Vice President of ELTA Systems Ltd. Group
Age: 63
Executive Vice President of the Military Aircraft Group
Compensation as of Fiscal Year 2016.

Israel Aerospace Industries Ltd. Key Developments

Israel Aerospace Signs German Drone Deal

Airbus Defense and Space will operate IAI's Heron 1 for gathering intelligence in Mali. The German Federal Ministry of Defense and the Airbus Defense and Space company have signed a contract with Israel Aerospace Industries Ltd. for the operation of Heron 1 unmanned aerial vehicles (UAVs) for use by the German air force in Mali in West Africa. Airbus will operate the UAVs in a model similar to the one in which it has operated IAI's UAVs for the German air force in Afghanistan since 2010. Under the new agreement, IAI will lease several UAV systems starting in November and until the beginning of 2018 for intelligence gathering purposes. The deal is believed to amount to tens of millions of dollars.

Israel Aerospace Industries Ltd. and Honeywell to Jointly Develop Sense-and-Avoid Collision Avoidance Capability

Israel Aerospace Industries Ltd. and Honeywell announced that the company will jointly develop a sense-and-avoid (SAA) collision avoidance capability for IAI's Heron family of drones Unmanned Aerial Systems. Approved for funding from the Bi-national Industrial Research and Development Foundation, the system will be demonstrated for the first time on the Heron medium-altitude, long-endurance UAS platform in 2018. BIRD selected the team following a competitive review process that evaluated projects from many companies. The joint project will provide a SAA capability on a Heron MALE The system concept includes Honeywell-developed software, algorithms, hardware and the fusion of inputs from various sensors embedded in a single prototype box or line-replaceable unit (LRU) and IAI's separation and collision avoidance maneuvering logic and Ground Control Station (GCS) pilot interface. The LRU will be flight tested onboard IAI's Heron UAV for the first time through the BIRD program. It will show improved situational awareness through the tracking of other nearby aircraft, allowing the UAS collision avoidance maneuvering and suggest alternate flight maneuvers, resulting in a safer airspace. With the introduction of UASs in the national airspace, Honeywell and IAI recognized the need for making the airspace safer. Honeywell's development of a common sense-and-avoid system started years ago to meet this anticipated need, and the concept continues to be refined through flight test demonstrations.

Israel Aerospace Industries Ltd. Announces Appointment of Yair Shamir as Chairman

Minister of Defense Avigdor Liberman has decided to appoint Yair Shamir as Israel Aerospace Industries Ltd. as chairman. Shamir was formerly IAI CEO, as well as a Yisrael Beytenu Knesset member and minister of agriculture. Shamir is expected to replace Rafi Maor, who announced he will complete his term of office as IAI chairman.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 14, 2016
TSG IT Advanced Systems Ltd.
 

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