Could 2021 be a golden year of profits for high-tech Israeli defense companies?
Israeli defense technology is being increasingly incorporated by militaries from Asia to Europe. A series of defense deals by Israel and technology presented at Aero India in February 2021 illustrate how Israel’s new weapons are transforming the world of war.
In late January Boaz Levy, the CEO of Israel Aerospace Industries, said that his company sees India as one of its main partners. “This valued partnership is characterized by long-term cooperation, joint development and manufacturing, technology transfer and technical support over decades.” Israel’s IAI, one of its three defense giants, recently conducted a successful trial in India with its Medium-Range Surface-to-Air Missile (MRSAM) air defense system. IAI has made more than $5 billion in deals in India in the last five years. The company works closely to tailor its products to the “make in India” approach that New Delhi has pushed