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Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) and the Croatian company DOK-ING signed a cooperation agreement for the development, manufacture and marketing of advanced robotic systems for the affected areas. Motorized robots will be able to operate in regions affected by radioactivity and nuclear fallout and in areas attacked by chemical and biological substances inaccessible to humans.
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develop through this new cooperation includes a special advanced vehicle that can travel freely in the disaster areas. The Croatian company will manufacture the vehicle, while IAI will develop communication systems, command and control systems and algorithms to facilitate autonomous movement to be installed in the vehicle. The two companies plan to install in the new robot vehicle special sensors capable of detecting and identifying hazardous and toxic materials according to a previously installed catalog.
The agreement was signed during a visit to Croatia by Israeli President Reuven Rivlin. accompanied by the outgoing CEO of IAI, Joseph Weiss. The Israeli delegation met with Croatian President Kolinda Grabar-Kitarovic.
Weiss told Globes: "Our advanced technological capabilities in robotics and autonomy, combined with the technological and technological capabilities of DOK-ING, will pave the way for a technological and operational breakthrough." The cooperation agreement between IAI and the Croatian company is an attempt by the Israeli defense company to consolidate its activity in Croatia for future operations after the Croatian crisis.The government decided in March to buy 12 F-16s used by the Israeli air force before being recently retired, among others due to the cost reduction of the IDF
The planes sold were old-fashioned F-16A and F-16B. before being sold to the Croatian air force, the value of the operation was estimated at $ 500 million, including modernization work.The aircraft will be divided between IAI and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT)
The agreement was from Government to Government (GTG), with Prime Minister Benjamin Netanyahu taking part. He settled the details earlier this year with Croatian Prime Minister Andrej Plenkovic at a meeting between the two leaders in Davos.
Posted by Globes [online] Israel Economic News – www.globes-online.com – July 26, 2018
© Copyright of Globes Publisher Itonut (1983) Ltd. 2018
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