Boeing and IAI Sign Strategic Cooperation Agreement
Per the agreement, Boeing is expected to provide the Israeli government-owned defense contractor with contracts relating to probable future Boeing sales to Israel and the Israeli military
Boeing and Israeli government-owned defense contractor Israel Aerospace Industries Ltd. (IAI) have signed a strategic cooperation agreement, IAI announced Wednesday.
According to the agreement, Boeing is expected to provide IAI with contracts relating to future Boeing sales to Israel and the Israeli military, including a new tanker aircraft. The agreement also covers cooperation in contracts for customers outside of Israel.
Also on Wednesday, IAI reported sales amounting to $882 million for the quarter ending September 30, 2018, a 5% increase from the $840 million in sales in the same period last year.
IAI was founded in 1953 .