After court victory, 5 Israeli cos exhibit at France's Euronaval

Israel Shipyards CEO Eitan Zucker, Israeli ambassador to France Joshua Zarka and Manufacturers Association President Ron Tomer credit: Manufacturers Association Spokesperson
Israel Shipyards CEO Eitan Zucker, Israeli ambassador to France Joshua Zarka and Manufacturers Association President Ron Tomer credit: Manufacturers Association Spokesperson

The companies are participating in Euronaval, five days after the Paris Commercial Court struck down the decision by the French government to bar Israeli companies.

Five Israeli companies participated today in the prestigious Euronaval exhibition, which opened in France, five days after the Paris Commercial Court struck down the decision by the French government to bar Israeli companies from the event, following a petition by the Manufacturers Association of Israel, Israel Shipyards, and the Israel-France Chamber of Commerce. The companies taking part in the exhibition are: Israel Shipyards (TASE: ISHI), Rafael Advanced Defense Systems, Orbit Technologies (TASE: ORBI), DSIT Solutions, and Orca AI.

At the exhibition Israel Shipyards is unveiling its Mini-Shaldag 20-meter long fast patrol vessel for protecting coastlines and naval forces in rivers and lakes. This is a new high-speed vessel that can operate in shallow waters and on which is installed communications and detection systems and advanced weaponry.

Israel Shipyards is also unveiling its new S80 combat vessel, which will go into service with the Israel Navy in the coming years and is designed for complex operations on the high seas.

Rafael is presenting the Typhoon remote naval weapon system, which can intercept drones.

Orbit is presenting a small satellite antenna weighing just 10 kilograms for submarines and communications systems for fast vessels.

At a ceremony to open Israel Shipyards pavilion at the Paris exhibition, Manufacturers Association president Dr. Ron Tomer said, "The French government tried again, for the second time, to prevent Israeli companies from participating in a strategic defense exhibition, while discriminating against them in favor of other participating companies. We have proven that we cannot be defeated, we will not let them push us down and exclude us without fighting back, and it is a fact that we have already succeeded twice in reversing these ignoble decisions, both at the Eurosatory exhibition a few months ago and now at the Euronaval exhibition."

Israel Shipyards CEO Eitan Zucker added, "Since the decision to allow the participation of Israeli companies, we have received many requests from representatives from all over the world to come to meetings at the Israel Shipyards pavilion. Putting politics aside, representatives of the various navies know how to appreciate the quality of the advanced vessels manufactured in Israel."

Published by Globes, Israel business news - en.globes.co.il - on November 4, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Israel Shipyards CEO Eitan Zucker, Israeli ambassador to France Joshua Zarka and Manufacturers Association President Ron Tomer credit: Manufacturers Association Spokesperson
Israel Shipyards CEO Eitan Zucker, Israeli ambassador to France Joshua Zarka and Manufacturers Association President Ron Tomer credit: Manufacturers Association Spokesperson
Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA The Metro is really happening

Although there are skeptics who doubt that the project will ever be realized, there are now enough signs on the ground to indicate that they are probably wrong.

Ben Gurion airport Terminal 1 credit: Shutterstock Ben Gurion airport's Terminal 1 reopens

Terminal 1 at Ben Gurion airport reopened yesterday to domestic flights, while international flights will start using the terminal from Sunday, March 30.

Minister of Interior Moshe Arbel credit: Cadya Levy Interior Minister: There is no deep state in Israel

Minister of Interior Moshe Arbel told the Globes Services conference that civil servants are dedicated employees who serve the public.

Minimum wage credit: Tali Bogdanovsky Minimum wage in Israel to rise next week

The monthly minimum wage in Israel will be revised upwards by 6%.

Bank of Israel  credit: Shutterstock/Alon Adika Bank of Israel slams gov't fiscal policy

Governor Prof. Amir Yaron wrote in the annual report that the government's measures are not enough to ensure a sustained decline in debt-to-GDP ratio.

Minister of Justice Yariv Levin credit: Noam Moskovitz Knesset Spokesperson Knesset passes Judicial Selection Law

The new law makes judicial appointments subject to political control.

Airbnb credit: Reuters Knesset ignores Airbnb tax evasion loophole

The Israel Hotels Association has slammed the government's indifference to tax evasion by Airbnb landlords, which it insists promotes unfair competition.

GMT CFO Eran Tibon credit: PR Political tensions tempt Israelis to move funds abroad

According to data from advanced financial services company Global Money Transfer, steps taken by the Israeli cabinet to oust Shin Bet chief Ronen Bar, and Attorney General Gali Baharav-Miara, could cause capital to flee Israel.

Sde Dov credit: Guy Yehieli Tenders close for 2,744 more homes in Sde Dov

Four tenders closed last month for the north Tel Aviv district saw a decrease of about 40% in the prices of land, and there is great interest in the prices these latest tenders will fetch.

Rafael CEO Yoav Turgeman credit: Rafael Spokesperson Rafael CEO: Iron Beam will be ready in 2025 as promised

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Tel Aviv credit: Shutterstock Rent rises moderate due to emigration and reserve duty

Rents only rose 4% in 2024, the Bank of Israel reports, despite the large number of evacuees, due to the negative migration balance and the large number of young people in the army reserves.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's: Political risks weigh on Israel's rating

"Israel's sovereign credit profile reflects very high political risks that have weakened economic and fiscal strength."

Stef Wertheimer  credit: Reuters Industrialist and philanthropist Stef Wertheimer dies aged 98

Wertheimer founded Iscar, which was sold to Warren Buffett's Berkshire Hathaway, and was behind many industrial and social initiatives, as well as having a brief political career.

Island founders Dan Amiga and Mike Fey credit: Antonio Delucci Browser security co Island raises $250m at $5b valuation

The company has developed a communications technology that enables fast remote connection to corporate computers.

Yossi and Shlomi Amir  credit: Jonathan Bloom Shufersal doubles annual profit

Streamlining measures by brothers Yossi and Shlomi Amir since they took control have vastly improved the supermarket chains profitability metrics.

Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018