Israeli firms expect $800 million Paris Air Show sales
11 local manufacturers will be behind booths at the convention.
Adi Ben Israel 17 Jun 07 15:23
11 Israeli companies from the defense and security sectors will be exhibiting in the Israeli pavilion at the 2007 Paris Air Show opening tomorrow at Le Bourget. Israel is considered a leading defense exporter, and it is ranked fourth in aviation and defense technologies exports after the US, Russia and France.
Speaking at a press conference ahead of the air show, Israel Export and International Cooperation Institute chairman David Arzi said the 11 Israeli companies exhibiting at the Paris Air Show could sign as much as $800 million in new contracts there. The companies exhibiting are: Aeronautics Defense Systems Ltd., Israel Aerospace Industries Ltd., Bental Industries Ltd., Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), and its subsidiary, Tadiran Communications, Orbit Technology Group Ltd. (TASE:ORBI) , Plasan Sasa Ltd., Rada Electronic Industries Ltd. (Nasdaq: RADID), Rafael Armament Development Authority Ltd., SGD Engineering Ltd., and SDS-Star Defense Systems Ltd..
Former SIBAT director-general Gen. (Ret.) Yosi Ben-Hanan told "MarketWatch" that he valued Israel's total delivered defense exports in 2006 at $3.4 billion, compared with about $2.9 billion in 2005.
Published by Globes [online], Israel business news - www.globes.co.il - on June 17, 2007
