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Israel/US: Israel Aerospace eyes US government contracts

By  |  September 26, 2019

Israel Aerospace Industries (IAI) stated on Wednesday, September 25, its US unit opened a new government relations office in Washington, DC, as part of its strategy to secure more US contracts. 

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    Government-owned IAI, which will open a new headquarters in Herndon, Virginia later this year, stated it was actively looking to acquire US companies to establish a stronger US presence. 

    IAI stated having a presence in Washington is critical to helping it grow in the US market by strengthening its ties to Congress, the White House, and local industry.

    It stated it already has partnerships with Lockheed Martin, Boeing, Honeywell, Gulfstream, and General Dynamics and that it was seeking more collaborations.

    “IAI North America is executing a strategic growth plan that includes M&A and organic growth … and will necessitate an expanded U.S. manufacturing footprint in the world’s largest defense market,” said Swami Iyer, CEO of IAI North America.

    Full Content: Reuters

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