Israeli company signs $1.6 billion deal with Asian country

JERUSALEM (JTA) – Israel Aerospace Industries Ltd. has signed a $1.6 billion arms deal with an unnamed Asian country.

The deal is the largest in the company’s history, the Israeli business daily Globes reported.

The company will supply unmanned aerial vehicles, missiles and radar systems to the unnamed country. The radar systems include the Green Pine, part of the Arrow anti-ballistic missile system, Globes reported. They will be delivered over four years.

The country has asked the company to keep its identity secret. It is the first time that the unnamed country has signed a deal with IAI.
 

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