IAI delivers 100th F-35 wing to Lockheed Martin

F-35 wing
F-35 wing

Israel Aerospace is expected to manufacture over 800 F35 wings by 2034.

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) and Lockheed Martin today marked the delivery of the 100th advanced combat aircraft F-35 wing delivered by IAI at a ceremony held at the company’s wing assembly line.

The wings manufacturing center of IAI’s aviation division was established in November 2014, and benefits from a strong international reputation thanks to extensive know-how and experience in making wings for the F-16 and T-38. The center is now expected to manufacture over 800 F35 wings by 2034. On December 2018, IAI inaugurated an innovative line for production of F-35 wing skins, expanding the collaboration between the two companies.

Lockheed Martin Israel country executive Joshua Shani said, "The delivery of the 100th wing is a significant milestone for the F-35 program. We take this opportunity to mark the broad cooperation Lockheed Martin holds with the local industries as a whole and IAI in particular, who play a major role in the global F-35 program. The F-35 is the leading 5th Generation fighter jet in the world, manufactured by the highest standards along the supply chain. We look forward to deepening the fruitful, strong cooperation of today and in future programs, with both the Ministry of Defense and Israeli defense industries".

IAI president and CEO Nimrod Sheffer said, "IAI’s collaboration with Lockheed Martin has a major business and strategic importance for us. We regard it as a vote of confidence on behalf of Lockheed Martin and the US administration in IAI’s capabilities as a global leader. We are excited to deliver the 100th wing and believe our collaboration will expand even more in the future." The F-35 wings assembly line complies with all of Lockheed Martin’s manufacturing and quality assurance requirements. Since entering the production contract, IAI has invested multiple resources in the most advanced systems and technologies, establishing a production line characterized by utmost precision, stringent humidity and temperature control, and strict quality assurance. Among others, these measures allow the development of a unique, innovative composite part for the wings’ uppermost section.

Published by Globes, Israel business news - en.globes.co.il - on September 26, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

Intel's 2025 vision credit: Intel Will Intel's sell-off include Israeli assets?

After the sale of Altera, "Globes" considers whether the troubled chipmaker will sell Mobileye or its Kiryat Gat fab.

CloudShare management team credit: PR Bow River Capital buys Israeli co CloudShare

The Denver-based alternative asset manager is paying an estimated $60-80 million for the SaaS provider of AI guided solutions for complex technical training requirements.

Housing prices continue to rise   credit: Tali Bogdanovsky Israel's housing price rise riddle

Despite a huge inventory of unsold new homes in central Israel and weak sales, apartment prices are still rising. "Globes" analyzes the data.

Inflation  credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig  credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Ilya Sutskever credit: Cadya Levy SSI hiring dozens in Israel

AI company Safe Superintelligence is hiring many dozens of people in Tel Aviv, "Globes" has learned.

Johny Srouji credit: Amos Ben Gershom GPO Apple SVP leads senior delegation of execs to Israel

Jony Srouji: I am always filled with renewed energy and optimism about our shared achievements when I visit our R&D centers here.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Petah Tikva, Givat Shmuel, Tiberias and Dimona.

Infinity Tower Tel Aviv credit: Courtesy Hagag Group French investors buy 2 Tel Aviv apartments for NIS 27.5m

The two apartments are in Hagag Group's Infinity Tower in the Summeil district.

El Al plane credit: Shutterstock El Al receives state approval to distribute dividend

The Israeli airline has now announced that it will be able to distribute up to 30% of net profit in 2025 and up to 40% in 2026-2028.

groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018