The director general of Israel’s Defense Ministry called on local arms manufacturers to merge into one company in order to remain competitive. Ilan Biran issued the call after acknowledging that the world financial crisis is hurting Israel’s defense industry. Industry revenues will plunge from $2.5 billion in 1997 to an estimated $1.5 billion in 1998, he said, adding that Israeli firms should merge to avoid costly duplication in research and development projects.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
