IAI and Meteor Aerospace signed a Memorandum of Understanding to promote cooperation between them

IAI and Meteor Aerospace, a privately held company offering unmanned systems and advanced missiles, recently signed a Memorandum of Understanding (MOU) to promote cooperation between them. Under the agreement, the companies will cooperate in the development of advanced attack systems. The agreement includes joint engineering development and marketing, including joint investment in R&D.
IAI is considering expanding its investment partnership with Meteor Aerospace as a partly owned partner in order to maximize the synergy between the two companies, IAI as a central and leading security company and Meteor Aerospace a private company with high flexibility.
IAI CEO Boaz Levy: "The cooperation between IAI and Meteor Aerospace will allow us to leverage synergy and promote the business growth of the two companies. The agreement reflects the relative advantages of each company for the continued expansion of business lines and accelerated growth. "
Meteor Aerospace Chairman and CEO, Yitzhak Nissan: "IAI is a strong company with a wide range of technologies and engineering capabilities, and with a broad customer base and extensive marketing deployment around the world. Meteor Aerospace and IAI have successfully cooperated for years. Together, the two companies Create new business opportunities for the benefit of both parties. "
IAI is a world leader in the production and development of advanced systems in the fields of air, space, sea, land and cyber, for the military-security market and for the civilian market. The company is a center of national and global technological knowledge in the fields of air defense, attack systems, radars, satellites, unmanned aerial vehicles, civil aviation and cyber.