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Israel : IAI bags huge BRAZILIAN Air Force contract
Publish Date : 19-Mar-2013
The Brazilian Air Force has awarded a contract to Israel Aerospace Industries Ltd. (IAI) to convert Boeing 767-300ER jetliners into planes for multi-mission planes refueling, strategic troop, cargo transport, and medical evacuation.
IAI refused to reveal the size of the deal, but according to aviation experts they estimated the deal at $250-400 million, making it one IAI\'s biggest ever contracts in Brazil.
According to Israeli sources, IAI will at first convert three Boeing 767s, and may afterward convert more planes. The planes will be converted to Brazilian Air Force specifications, and will be handed over following IAI finishes the long and complex licensing process. The project will take a number of years to execute, under the Brazilian Air Force\'s KC-X2 program to swap four KC-137 (militarized Boeing 707s).
Sources involved in the deal stated that the majority of the conversion work would be conducted by Brazilian subcontractors of IAI.
\"We\'ve had deals in Brazil before, but this is one of the big ones. We\'re making many efforts to establish our position in Brazil and we\'re examining participation in other ventures,\" said IAI CEO Joseph Weiss.
IAI intends to reveal a few of its systems, comprising advanced air-to-air refueling LAAD Defence and Security International Exhibition, which will open in Rio de Janeiro in three weeks.
The Colombian deal moreover comprises the sale of upgraded used Kfir fighter jets, which IAI at first constructed for the Israeli Air Force.
