JERUSALEM (Jul. 4)
An agreement providing for establishment of a jet engine factory in Israel was signed today by the French Jewish inventor and jet aircraft manufacturer Josef Shidlovsky, and Prime Minister Levi Eshkol. The initial investment in the undertaking, half of it to be supplied by the governments of Israel and France and half by the manufacturer, amounts to $3,000,000.
Shidlovsky is president of the SNCMA factory in France, which manufactures turbo engines for various types of aircraft, including the “Fougamagister” and helicopters. He is the inventor of the basic technical principle on which the engines on some of the world’s most modern jet planes are based.