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BOEING AND IAI BID FOR AUSTRALIAN UAV PROJECT

11 Feb 03. State-run Israel Aircraft Industries and Boeing Co’s (NYSE:BA – News) Australian arm said on Tuesday they had agreed to bid jointly in an Australian Defence Force tender for enhanced aerial surveillance equipment.

The companies said in a joint statement that the agreement to bid for the project, which involved unmanned aeriel vehicles, was signed at the 2003 International Air Show near Melbourne.

The partnership would provide a low risk, cost effective solution for the Australian Defence Force, Terry Brown, general manager of business development for Boeing Australia, said in the statement.

“Combining our expertise with IAI’s proven platforms makes this a powerful team to bid for” the project, Brown said.IAI is Israel’s largest exporter of defence and commercial aerospace products.

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