Tel Aviv, Israel (UPI) Oct 15, 2010 Israel Aerospace Industries has signed a $400 million contract to sell unmanned surveillance drones to Russia, a deal intended to boost relations between the two countries and, Israelis hope, encourage Moscow to curb arms sales to Iran and Syria. The deal was signed Tuesday by IAI Chief Executive Officer Itzhak Nissan and Andrey Reus, director-general of the Oboronprom Russian Industrial Corp.
The contract calls for IAI, Israel's largest industrial exporter and a leader in the design and production of unmanned aerial vehicles, to provide drone kits to Oboronprom for assembly in Russia.
Few details were disclosed but the deal follows a landmark, long-term military cooperation agreement signed in Moscow Sept. 6 by Israeli Defense Minister Ehud Barak and his Russian counterpart, Anatoly Serdyukov. More at: