DTN News: IAI Advances Strategic Cooperative Efforts With Kazakhstan

DTN News: IAI Advances Strategic Cooperative Efforts With Kazakhstan

The President of Israel and the Prime Minister of Kazakhstan discussed strengthening of commercial ties between the two countries

*Source: DTN News / Israel Aerospace Industries; issued June 30, 2009 (Click here) (NSI News Source Info) TEL AVIV, Israel - July 6, 2009: Israel Aerospace Industries (IAI) and DETA Air, a leading cargo operator in central Asia, signed today a General Terms Agreement (G.T.A.) to engage in long-term strategic cooperative efforts.

DC 10 undergoing conversion process at the Bedek Aviation facilities in Israel. In the first phase of the agreement, IAI’s Bedek Aviation Group will perform heavy checks on two of DETA Air's DC-10-40SF aircraft, part of the company's fleet which also includes Russian cargo planes. The business potential for Bedek is estimated to be worth tens of millions of dollars. The signing ceremony took place in the presence of Mr. Shimon Peres, President of Israel, and Mr. Karim Masimov, Prime Minister of Kazakhstan, during Mr. Peres' visit to Kazakhstan this week. The agreement was signed by IAI's Vice President for Strategy and Planning, Baruch Mevorach, who is traveling with the President's delegation. Mr. Mevorach notes that "this constitutes a breakthrough for IAI in a newly identified important region of the world because of the expected economic growth in central Asia, which will increase its cargo flights. IAI is a well-known, leading supplier of maintenance, repair and overhaul (MRO) for both cargo and passenger aircraft." Yerlan Zhaxybekov, General Director of DETA Air, sees IAI Bedek as an essential strategic partner in the development of the airline's western aircraft fleet during its growth. In the picture: DC 10 undergoing conversion process at the Bedek Aviation facilities in Israel About Israel Aerospace IndustriesIsrael Aerospace Industries, is one of Israel’s leading technological-industrial companies employing around 16,400 people and is a leading developer of aviation and aerospace technology in the military and civilian markets. IAI’s backlog grew from over $1 billion at the beginning of 2009 to a record high of over $8 billion. IAI is a world leader in a wide range of advanced technologies, including development, production, renovation, upgrading, repair and maintenance of aircraft, missiles, launchers, communications satellites, observation satellites and ground services, electronic systems, avionics systems, advanced radar, precision-guided munitions and unmanned aerial vehicles. For more information, please contact:

Doron Suslik

Deputy Vice President of Communications

Tel: 03-935-8509

Fax: 03-935-8512

Email: hpaz@iai.co.il