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Thursday, February 18, 2021 9:04:43 PM
See the qoute right here " "The parties will also cooperate in continuing a project ("Project") that has already started with a customer in the Asia Pacific region. Elbit has agreed to invest, at its discretion and pursuant to certain milestones, in the further development and setting up of serial production lines of TIKAD and may elect to increase such investment subject to the satisfaction,"..
NOW WHY THIS PROJECT SO IMPORTANT TO THE DEAL. because this deal ? Thanks for asking.. To supply the South with enough coverage against the North
Israel deal with the South APAC
Israel and South Korea to Develop Next Generation Drones – The Diplomat
https://thediplomat.com/2016/02/israel-and-south-korea-to-develop-next-generation-drones/
New Trade Agreement in Asia: China Is in, the United States is Out | INSS
https://www.inss.org.il/publication/rcep/
Elop is a subsidary to Elbit
See CEO connection
""Elop's current customers include the Israel Defense Forces, Lockheed Martin, Boeing, Northrop Grumman and Thales. Last week the company announced that it, together with its main subcontractor, Thales UK Land and Joint Systems in Taunton, England, has been chosen to supply Elop's Compass advanced observation system for the UK Watchkeeper unmanned aerial vehicle program
See more connection with South Korea and Israel
"
Elop Wins $50M Korean Contract
HAIFA, Israel, Dec. 19 -- Electro-Optics Industries Ltd. (Elop) has been selected by the Korean Air Force to supply real-time electro-optical/infrared (EO/IR) long-range oblique imagery systems for its F-16 aircraft. The contract, which according to Elop is expected to be approved shortly by the Korean Ministry of Defense, is valued at approximately $50 million and will take several years to fulfill.
Elop said its EO/IR system was chosen after demonstrating its performance during flight and also meeting the Korean Air Force's requirements. Elop is a wholly owned subsidiary of Elbit Systems, an international defense electronics company based in Israel. It is a provider of electro-optics systems and ISR (intelligence, surveillance and reconnaissance) systems.
Elop's current customers include the Israel Defense Forces, Lockheed Martin, Boeing, Northrop Grumman and Thales. Last week the company announced that it, together with its main subcontractor, Thales UK Land and Joint Systems in Taunton, England, has been chosen to supply Elop's Compass advanced observation system for the UK Watchkeeper unmanned aerial vehicle program."
We view South Korea to be that "a customer" Usdr is certainly UNDERVALUED Elbit has 11 billion dollar backlog .. They will improved the tikad and take carenof that Spac customer.
Folks.. This was $16 before this mega news..
Nuff said
A-Team
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