(Reuters) State-owned Israel Aerospace Industries (IAI) signed a contract with Lockheed Martin to produce wings for the F-35 fighter aircraft with potential sales reaching $2.5 billion. IAI will begin delivering the F-35 wings in 2015. The contract's duration is for about 10-15 years, IAI said on Tuesday. "This agreement represents an important milestone for IAI and ensures its involvement in the world's most advanced fighter aircraft," said Joseph Weiss, chief executive of IAI. IAI already produces wings for Lockheed Martin's F-16 and the U.S. Air Force T-38 aircraft.
2013-04-24 00:00:00Full ArticleBACK Visit the Daily Alert Archive