The Katana was designed to protect critical infrastructures, including ports, undersea pipelines, oil and gas rigs.
Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) will unveil its new unmanned ship, the Katana, at the Defexpo 2014 Land, Naval & Internal Homeland Security Systems Exhibition, which opens in New Delhi on Wednesday. The Katana expresses IAI's concept of expanding in unmanned aerial vehicle (UAV) business to the sea. The company says that the Katana was designed to protect critical infrastructures, including ports, undersea pipelines, oil and gas rigs, and that it is equipped with state-of-the-art electronic warfare systems.
In the past decade, IAI sold has sold $2 billion worth of UAVs to Asian countries. The company's contracts with India have given it a taste for more. One contract alone, for the sale of Barak 8 sea missiles to the Indian Navy, is worth $1.4 billion.
In an effort to keep the company's Asian customers, IAI chairman Rafi Maor and CEO Joseph Weiss will attend Defexpo, before going directly to the Singapore Airshow 2014 next week.
Published by Globes [online], Israel business news - www.globes-online.com - on February 4, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014