Israel Aerospace Industries (IAI) is exploring buying or investing in companies in the United States to expand its aerostructures manufacturing footprint, according to a company official.
Such a transaction would complement the work IAI does in Israel for U.S. defense contractors, including building wings for the Lockheed Martin F-35 and F-16 fighter jets and conformal fuel tanks for the Boeing F-15 fighter, according to Amir Geva, IAI's executive VP for North America.
A deal could be announced in late 2023 or early 2024, he said.
IAI's existing U.S. presence includes missile business Stark Aerospace in Columbus, Miss.; radar provider Elta North America in Annapolis Junction, Md.; and IAI North America's HQ facility in Herndon, Va.
IAI's new US efforts include offering vehicle protection sensors to American Rheinmetall Vehicles and General Dynamics Land Systems, which are vying to replace the U.S. Army's Bradley infantry fighting vehicle with the XM30 Mechanized Infantry Combat Vehicle, formerly known as the Optionally Manned Fighting Vehicle.
IAI expects to make “a few” announcements at the Association of the United States Army (AUSA) conference in Washington, D.C., in October. (Janes 07/07/23) IAI seeks more aviation manufacturing capacity (janes.com)
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