Israel Aerospace Industries' Aviation Group will maintain Gulf Air planes at Ben Gurion Airport when the airline launches its Tel Aviv-Manama service.
Ittai Ben-Zeev says Israel Aerospace will find it difficult to raise $1 billion solely from Israel investors.
The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period.
The Ministry of Defense is hoping to sell 29 surplus fighter jets to the Montreal-based defense training contractor for $3-4 million each.
The solution to be supplied comprises hundreds of handheld E-LynX SDR systems for dismounted soldiers and vehicle systems.
Elbit CEO: The level of uncertainty in the defense markets has fallen in this quarter. There is an increase in defense budgets in some of the important markets for Elbit.
Former judge Amnon Straschnov will head a government committee of inquiry. Likud has called the move 'defiance.
Israel's Air Force has held its first joint exercise on German soil, while German soldiers have been training in Israel for the past 18 months.