Former Israeli Defence Minister Amir Peretz appointed IAI Chairman

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Amir Peretz IAI Chairman: In a major reshuffle at Israel’s state owned defence and aerospace giant – Israel Aerospace Industries (IAI), the board of directors of the company cleared the name of the country’s former defence minister Amir Peretz as the new chairman of the IAI Board.

“I assume this role with a sense of admiration, acknowledging the great responsibility I now hold in my hands, and will do everything I can to propel Israel Aerospace Industries forward,” Peretz said in a statement.

Peretz, who held several key positions in Israel’s politics and also headed General Organization of Workers in Israel, thanked Defense Minister Benny Gantz and Finance Minister Avigdor Lieberman for reposing their faith in him and for entrusting the responsibility that is integral to the country’s security.

Israel Aerospace Industries (IAI) is fully owned by the Israel government and manufactures Kfir jets, Barak missiles, Arrow and Iron Dome Anti-Missile defence systems, unmanned aerial vehicles (UAVs), and several other military and civil aerospace products and systems.

Peretz said he would work closely with the board of directors to strengthen IAI as a leading company in the aerospace and defense sector.

“I believe IAI’s employees are integral to the company’s success, and we will work in collaboration with them and their representatives,” Amir Peretz said in a statement sent to Defence Star.

Israel Defence Minister Benny Gantz

Benny Gantz, Defence Minister, Israel.

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Peretz said the Israel Aerospace Industries (IAI) has been operating in a multidimensional environment, full of national, technological, and business challenges and as such, cooperation was the key to success of the company.

“IAI is a cornerstone of Israel’s security and economy. I am honored to be appointed as Chairman of the Board of Directors of IAI, a company that is a global pioneer in developing advanced technologies for military and civilian sectors and whose products are sold to more than 100 countries worldwide,” Peretz said.

The former politician turned corporate boss said the company works alongside government agencies, including the Ministry of Defense and Ministry of Finance, and he was looking for fruitful cooperation with other government agencies.

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Israel Aerospace Industries

Israel Aerospace Industries (IAI), which was set up in 1953, is engaged in research and development of cutting edge space, air, land, naval, cyber and homeland security for defense and commercial markets.

IAI, which was established by Israel government in 1953, manufactures satellites, UAVs, missiles, intelligence solutions, weapon systems, air defense systems, robotic systems, radars, business jets and aero-structures among others.

Last month, the IAI entered into agreements with UAE’s Edge Group for development of unmanned surface vessels (USVs) and local production and marketing electro-optics equipments.

Boaz Levy, CEO of IAI.

Boaz Levy, CEO of IAI.

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Israel Aerospace Industries-India collaboration

Israel Aerospace Industries (IAI) is closely involved with India’s defence sector. IAI supplied three EL/W-2090 AWACS systems to India that were installed on Russian origin Ilyushin Il-76 transport aircraft.

IAI also supplies Barak-8 missiles for Indian Navy warships, and closely cooperates with DRDO and Indian military for development of a range of weapon system including the Medium Range Surface to Air Missiles (MRSAM) that have been recently inducted into Indian Air Force in presence of IAI CEO Boaz Levy in western state of Rajasthan.

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