The Joint Entity established under the Agreement, will be equally owned (subject to required regulatory approvals), and will supply the MoD with the products and services required for the Project's execution. Certain portions of the Project's work scope will be acquired from IAI and Elbit Systems, respectively, in accordance with a work sharing plan determined by the two sides.

To the best of Elbit Systems' knowledge, the MoD is currently reviewing contractual possibilities with regards to the Project, and in this context has provided to Elbit Systems and IAI a request for information (RFI). It is the intention of the two companies to submit a response to the RFI in the coming days through the Joint Entity.

To the extent that there will be a contract between the Joint Entity and the MoD with regards to the Project, it is expected that its scope will be significant and that it will be performed over a long-term period.

In the framework of a contract for the Project, it is also expected that the Joint Entity will seek sources of financing for the establishment of infrastructure and for the operation of the Project, as well as to purchase from aircraft manufacturers and other suppliers the aircraft and additional equipment required for the Project.

It is noted that at the time of this announcement, the Joint Entity and MoD have not yet signed an agreement for the Project and that there is no certainty that an agreement will be signed.

According to the Agreement, the scope of the Project will be divided to the extent possible equally between Elbit Systems and IAI, and if required, balancing arrangements will be established between the two companies.

del.icio.us	Digg	Reddit
YahooMyWeb	Google	Facebook

MEADS System Integration Begins At Italian Test Site Northrop Grumman and Boeing Submit ABM Simulation Architecture Proposal Orbital Launches PTV For Missile Defense Test Milestone Nears For European Missile Defense Plan Russia to double missile production from 2013: Putin China aims new missile at Taiwan: intelligence chief India tests two nuclear-capable missiles Trident II D5 Missile Achieves 135th Consecutive Test Flight Northrop Grumman Ships First Broad Area Maritime Surveillance Fuselage Dassault, BAE press ahead with drone plan Mexico defends decision to use US drones in drug war Death toll up to 24 in NW Pakistan drone strike: officials Raytheon BBN Technologies To Protect Internet Comms For Military Abroad Gilat Announces New Military Modem For Robust Tactical Satcom-On-The-Move Advanced Emulation Accelerates Deployment Of Military Network Technologies Tactical Communications Group Completes Deployment Of Ground Support Systems Lockheed Martin Support Enables High-Tempo F-22 Deployments Worldwide IAI, Elbit to collaborate on jet trainer PEO Ammo Picks Up 155mm Lightweight Howitzer Program Israel arms tanks with new defense system Elbit And IAI Establish Joint Company Iranian on trial in Nigeria lacked arms licence: statement GD Small Manufactures One Billion Rounds Of Ammunition For US Army US hopes geopolitics can help land India jet deal Obama, Rousseff take up security concerns India assesses Chinese military abilities France back in US favor amid Libya, Japan crises Gates lauds 'extraordinary' progress with Russia Scientists Build World's First Anti-Laser Yale scientists build 'anti-laser' 'Air laser' could find bombs at a distance ONR Achieves Milestone In Free Electron Laser Program