The Israel Aerospace systems will be used to protect Israel's exclusive economic zone and strategic facilities which are faced with diversified marine threats.
Prof. Isaac Ben-Israel, who persuaded the government to invest in cybersecurity in 2010, hopes to duplicate this success in artificial intelligence.
The acquisition offer, together with businessman Avichai Stolero, is at a 10% premium on the Israeli drone manufacturer's market price.
With government permission, IAI plans investing up to $1.5 million in each of five startups annually.
The contract is for electronic warfare suites for the Israel Navy Sa'ar 6-class corvettes that will protect Israel's Exclusive Economic Zone.
Boeing will not permit Israel Aerospace Industries to convert its planes to airborne refueling configuration.
The barrier near the Zikim beach, to protect against infiltration from the sea, will cost an estimated NIS 25 million to build.
Hamas's hackers are still amateurish, but are gaining experience and sophistication, possibly with Iranian help.
China's growing investment in Israel's autotech industry serves its strategic interests.
The SpaceIL organization expects its Moon landing to prompt more young people to study science and engineering.
Elbit will pay NIS 1.8 billion for IMI Systems and has been promised NIS 1.8 billion for vacating the Ramat Hasharon site. But will the plant move to the Negev as promised?
ACU Strategic Partners wants to build nuclear reactors in Arab countries and make Israel responsible for guarding them.