Israel Aerospace Industries

Cyprus “rocked the boat” last week when it was announced that it had taken delivery of the first batch of Barak MX anti-aircraft systems from Israel’s IAI (Israel Aerospace industries) and they are already in service with the National Guard.

Germany will buy Israel's Iron Dome air defense system, Politico reported. The budget committee of the Bundestag approved the payment of the first tranche of 560 million euros for the purchase of the Israeli Arrow-3 air defense system.

Intracom Defense (IDE), a subsidiary of the Intracom Holdings group, signed a deal to sell 90.91% of its shares to Israel Aerospace Industries (IAI) in Athens on Tuesday, a statement by the Israeli company said.

The deal is valued at nearly 60 million euros and is expected to be completed by the second quarter of 2023, pending the fulfilling of terms and the necessary approvals.

Israel will lease surveillance drones to Greece following a deal between the two countries' defense ministries, Bloomberg reports.

The three-year lease agreement gives Greece the option to buy the drones after the end of the period, the report said.

The Heron unmanned aerial vehicles (UAVs) are made by Israel Aerospace Industries Ltd.

Israeli Defense Ministry probes allegation that Azerbaijan asked Aeronautics Defense Systems to demonstrate drone on military target. When the drone operators refused, managers attempted to carry out the test. The company denies the allegation.