Israel Aerospace Industries (IAI) debuts a UAV that looks like the US rotary heavy-lift workhorse, the Chinook.
Israel to sell UAVs to Russia
Israel Aerospace Industries (IAI) CEO, Itzhak Nissan and the Director General of the Oboronprom Russian Industrial Corporation, Andrey Reus, signed an agreement on Tuesday to sell UAV assembly elements and services to Oboronprom from next year.
IAI to unveil tilt-rotor UAV
The Panther is a tactical UAV that ‘combines the flight capabilities of an airplane with helicopter-like hovering, a tilt-rotor propeller, and a fixed wing Vertical Takeoff and Landing (VTOL) system, which enables a runway-free takeoff and landing on an unprepared area’.
IAI’s sales fall in ’09
Israel Aerospace Industries has seen a fall in sales in 2009 from 2008 and has attributed this drop to the economic crisis affecting the company’s commercial aviation business.
Israel Aerospace Industries declares 3rd Qtr results
Company sales for the third quarter of 2009 reached $678 million, compared to $877 million for the third quarter of 2008, a 23 percent decrease.

