Nimrod Sheffer is stepping down after two years as sources inform "Globes" that IAI's Aviation Group will cut 900 out of 5,000 jobs.
The Israeli defense electronics company will equip several vessels with suites that provide the capability to perform complex reconnaissance missions.
Israel Aerospace's anti-drone system will add the interception capabilities to its advanced radar detection systems.
Israel Aerospace will convert three more passenger planes to cargo planes for the German parcel company, with an option for a fourth.
Elbit will provide Israel's Ministry of Defense with operation, maintenance and logistic services for the Textron T-6 trainer aircraft fleet over five years, with an option for a further five years.