Israel Aerospace wins $15m Asian cyber deal

cyber security

IAI's Director of Cyber Programs: This new contract is an example of the ‘ecosystem' created by IAI's cyber subsidiaries.

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has announced that it has signed a contract worth $15 million for a cyber-intelligence system with a customer in Asia. The contract is for an advanced, national level, strategic cyber solution, which combines cellular systems and cyber and includes establishing an intelligence center and infrastructure and providing unique sensors. The contract will be executed by one of ELTA/IAI's cyber subsidiaries and development centers.

IAI's Director of Cyber Programs Esti Peshin said, "This new contract is an example of the ‘ecosystem' created by IAI's cyber subsidiaries and R&D centers and the parent company. Our worldwide innovation centers benefit from IAI's size and experience while simultaneously having the flexibility of a start-up company. The proximity to the customers combined with innovation, white-hat hacking and engineering capabilities enables us to effectively deal with the many challenges of the cyber world. We intend to continue developing the strategy in the coming months by to additional cyber subsidiaries & R&D centers."

Cyber security is a strategic sector and core competency for IAI. The company is developing unique cyber solutions for intelligence, protection, monitoring, identification and accessibility. These advanced capabilities are possible due to the innovative technologies developed by IAI's research, development and excellence centers, offering IAI's customers a wide range of capabilities for dealing with evolving and ever growing cyber threats. IAI operates four cyber development centers - one in Singapore, one in Switzerland, and two in Israel - the most recent of which was opened in Beersheva.

IAI also leads the Israel Cyber Company Consortium (IC3) which offers end-to-end solutions for national cyber systems and is comprised of leading Israel cyber companies.

Published by Globes [online], Israel business news - www.globes-online.com - on November 2, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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