ISRAEL US Report On The
Middle EastU.S. imports from Israel go up to $9 billion in the first half of 2006 from $8 billion in the same period of 2005 -- U.S. Census Bureau
Thursday, 10 August 2006
U.S. imports from Israel went up to $9,483.8 million in the first half of 2006 from $8,133.6 million in the same period of 2005, according to U.S. Census Bureau.
U.S. exports into Israel also went up to $5,078 million from $4,925.6 million.Refinery Associates wins a $23 million contract for diesel fuel to Israel
Tuesday, 25 July 2006
Refinery Associates of Texas, Inc., New Braunfels, Texas, is being awarded a maximum $22,556,374 fixed-price with economic price adjustment contract for diesel fuel to Israel. The other location of performance is Compagnie Industrielle Maritime SNC, Le Harve, France. This is an indefinite-delivery, indefinite-quantity type contract. The date of performance completion is 31 July 2006. Contracting activity is Defense Energy Support Center (DESC), Fort Belvoir, Virginia.MTU wins a $16 million contract for fast patrol boat propulsion systems in support of Israel
Tuesday, 16 May 2006
MTU Detroit Diesel, Detroit, Michigan, was awarded on 11 May 2006, a $15,545,953 firm-fixed-price contract for fast patrol boat propulsion systems; to include MTUIDDC 12V-400 M90 Marine main propulsion engine; ZF4650 reduction gears; Kamewa 63SII water jets and intakes; Marine automation systems monitoring and control system MCS Type; ancillary equipmen; testig; technical publications; technical support; training; installation; coordination and integration.
This contract is in support of the Government of Israel, Ministry of Defense Fast Patrol Boat Construction Program. Work will be performed in Haifa, Israel (50 percent); Detroit, Michigan (25 percent); and between Sweden and Germany (25 percent). Work is expected to be completed by December 2009. The Naval Inventory Control Point, Mechanicsburg, Pennsylvania, is the contracting activity.Berkshire Hathaway agrees to acquire 80% of Iscar of Israel for $4 billion
Friday, 5 May 2006
Berkshire Hathaway Inc. and Iscar, Ltd. have announced today that Berkshire Hathaway has agreed to acquire 80% of the Iscar Metalworking Companies (IMC) in a transaction that values IMC at $5 billion.
The Iscar Metalworking Companies, headquartered in Tefen, Israel, is a privately held group, with operations worldwide, and is an industry leader in the metal cutting tools business through its Iscar, TaeguTec, Ingersoll and other IMC group companies.
After becoming a part of the Berkshire family of businesses; IMC will keep its location; and continue to be managed by its current management team; including Chairman Eitan Wertheimer and President and Chief Executive Officer Jacob Harpaz; as well as the rest of its current worldwide management team.
"As a member of the Berkshire family we'll have the benefit of a strong platform that's committed to continuing our historical success," said Eitan Wertheimer. "This transaction is not only significant for our company; our customers and our employees; but also for our industry; and for the State of Israel."Israel Military Industries wins a $13 million contract modification to convert 19 ADM-141C decoys to advanced ITALD flight test vehicles
Thursday, 30 March 2006
Israel Military Industries, Inc., Ramat Hasharon, Israel, is being awarded a $13,367,585 modification to a previously awarded firm-fixed-price contract to incorporate a Class I engineering change proposal into 19 ADM-141C improved tactical air-launched decoys, to convert them to 18 advanced ITALD flight test vehicles and one advanced ITALD E3 test vehicle.
Work will be performed in Ramat Hasharon, Israel (84.2 percent); Eatontown, New Jersey (4.1 percent); the United Kingdom (3.7 percent), Lancaster, Pennsylvania (2.7 percent), Hollister, California (1.2 percent); San Diego, California (1.2 percent); and Williston, Vermont (.8 percent); and is expected to be completed in November 2007. The Naval Air Systems Command, Patuxent River, Maryland is the contracting activity.U.S. imports from Israel went up to $17 billion in 2005 from $15 billion in 2004 -- U.S. Census Bureau
Tuesday, 28 February 2006
U.S. imports from Israel went up to $16,875.2 million in 2005 from $14,551.5 million in 2004, according to U.S. Census Bureau.
U.S. exports into Israel also went up to $9,731.9 million from $9,169.1 million.Lockheed wins a $30 million contract to provide for spares in support of Israeli F-16
Monday, 13 February 2006
Lockheed Martin Corp., Tactical Aircraft Systems, Fort Worth, Texas, was awarded on 16 December 2005, a $29,800,000 firm fixed price contract to provide for provisioning spares of sole source consumable and replenishment spares in support of the F-16 Program. This effort supports foreign military sales to Israel.
This work will be complete by March 2007. The Headquarters Ogden Air Logistics Center, Hill Air Force Base, Utah, is the contracting activity.OPIC will provide $250 million in insurance for the construction of a 65-mile natural gas pipeline from Ashdod in southern Israel to Hagit
Tuesday, 20 December 2005
A series of agreements concluded today among the Overseas Private Investment Corporation (OPIC), Citigroup and the Israel Electric Corporation (IEC) will enable OPIC to provide $250 million in political risk insurance for the construction of a natural gas pipeline that will reduce Israel’s dependence on imported fossil fuels and generate $200 million in annual savings for electricity generation.
OPIC’s insurance will cover a loan for the construction of a 65-mile pipeline that will transport natural gas produced offshore, from Ashdod in southern Israel to Hagit in the north, for downstream power projects in the country. Once completed, the pipeline will be owned by the Israeli government and operated by Israel Natural Gas Lines. OPIC is providing the insurance to the IEC Gas Pipeline Financing Trust; Citigroup arranged financing for the project.
OPIC President and CEO Robert Mosbacher, Jr. and IEC Chairman Shlomo Rothman today signed a foreign enterprise support agreement for the project, which, along with an OPIC insurance contract concluded last month and a loan agreement also signed today, enables the financing for the pipeline to proceed.El Al Airlines of Israel signs an agreement for the purchase of two Boeing 777
Tuesday, 13 December 2005
The Boeing Company and El Al Airlines of Israel have signed an agreement for the purchase of two Boeing 777-200ER (Extended Range) jetliners. The airplanes, together valued at $362 million at list prices, are scheduled for delivery in 2007.
The new 777-200ERs will help El Al expand service to meet growing demand for air travel in the Israeli market. El Al already operates four 777s on routes to New York and the Far East from Tel Aviv and will operate the new 777s to destinations in the U.S. and the Far East.U.S. imports from Israel go up to $8 billion in the first half of this year from $7 billion in the same period of 2004 -- U.S. Census Bureau
Thursday, 11 August 2005
U.S. imports from Israel went up to $8,175.9 million in the first half of this year from $7,104.9 million in the same period of 2004, according to U.S. Census Bureau.
U.S. exports into Israel also went up to $4,922.2 million from $4,276.2 million.Gulfstream delivers Special Electronic Mission Aircraft to the Israeli Ministry of Defense
Tuesday, 14 June 2005
Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, has delivered a large-cabin, long-endurance Gulfstream V (GV) Special Electronic Mission Aircraft (SEMA) to the Israeli Ministry of Defense (IMOD). The GV aircraft will replace the Israeli Air Force’s three aging Boeing 707 aircraft.
The SEMA aircraft was delivered to IMOD at Gulfstream’s headquarters in Savannah, Georgia , on May 23. It was then flown to Tel Aviv, Israel , where it is being outfitted with state-of-the-art electronic equipment. Another SEMA aircraft is expected to be delivered next year.
Gulfstream was awarded the SEMA contract in November 2001. One of five companies chosen by IMOD to develop the aircraft, Gulfstream is responsible for building the platform. Lockheed Martin was selected to perform necessary aircraft structural modifications to meet the mission requirements; Garrett Aviation in Savannah, Georgia was chosen to design the aircraft interior. ELTA, a division of Israeli Aircraft Industries (IAI), is the supplier of all onboard electronic equipment. BEDEK Aviation Group, also a division of IAI, is providing maintenance and integrated logistic support.
Built at Gulfstream’s business-jet manufacturing facility in Savannah, Georgia, the SEMA GV underwent various modifications to meet mission requirements. Most significantly, Gulfstream increased the maximum zero fuel weight of the GV to accommodate the additional weight of the structural modifications and onboard electronic equipment.General Dynamics wins a $7 million contract from Israel's Plasan Sasa for the production of Armor Protection Kits for the U.S. Army’s M915 vehicle
Friday, 10 June 2005
General Dynamics Armament and Technical Products, a business unit of General Dynamics, was awarded a $7.2 million contract from Israel-based Plasan Sasa for the production of Armor Protection Kits for the U.S. Army’s M915 tactical wheeled vehicle. Deliveries on this contract extend through August 2005.
Manufactured from a sandwich of steel, composite materials and aluminum, the add-on Armor Protection Kits will provide the M915 cargo vehicle and its personnel with much-needed protection against improvised explosive devices, mines and unconventional terrorist threats, like those encountered in Iraq. The program will be managed in Burlington, Vermont, with manufacturing occurring at the company’s Lincoln, Nebraska, and Marion, Virginia, facilities.Israeli Navy hosts Reliant Mermaid conducted with U.S., Turkish navies
Sunday, 18 January 2005
Reliant Mermaid was hosted by the Israeli Navy during 9-13 January, said Washington Institute for Near East Policy. The search and rescue exercise took place in international waters off the coast of Israel.
A frigate and a support vessel from the U.S. Navy; two frigates from the Turkish Navy and three corvettes from the Israeli Navy took part in the exercise that was first launched in January 1998.
In addition, naval patrol aircraft and helicopters from both the U.S. and Israeli navies provided air surveillance support. More than 1,500 people took part in the exercise.
Egypt, Jordan, the United Arab Emirates (UAE), Oman, Morocco and Tunisia sent observers. France, Germany and Greece had their naval attaches in the region observe the exercise.Valero wins a $103 million contract for fuel to Israel
Monday, 29 November 2004
Valero Marketing and Supply Co., San Antonio, Texas, is being awarded a $103,331,200 fixed price with economic price adjustment type contract for fuel for the government of Israel.
Performance completion date is expected to be 31 December 2005. The contracting activity is the Defense Energy Support Center, Fort Belvoir, Virginia.OPIC approves $250 million in insurance for a 65-mile natural gas pipeline from Ashdod to Dor in Israel
Monday, 22 November 2004
The board of directors of the Overseas Private Investment Corporation (OPIC) has approved $250 million in political risk insurance for the construction of a 65-mile pipeline that will serve as the centerpiece of Israel’s natural gas system, reducing that country’s dependence on imported fossil fuels and generating $200 million in annual savings for electricity generation.
OPIC’s insurance will cover a loan for the construction of a pipeline that will be used to transport natural gas produced offshore, from Ashdod in southern Israel to Dor in the north, for downstream power projects in the country. Once completed, the pipeline will be owned by the Israeli government and operated by Israel Natural Gas Lines. The Israel Electric Corporation, the State of Israel, OPIC and Citigroup are currently negotiating the loan documentation and are expecting to close the transaction by year-end.
This project will exploit recently-discovered offshore natural gas reserves to significantly reduce Israel’s dependence, in the process using an energy source – natural gas – that is cheaper and less polluting than oil or coal, said OPIC President and CEO Dr. Peter Watson.Israel Military Industries wins a $13 million modification to contract for 70 improved tactical air launched decoys
Thursday, 23 September 2004
Israel Military Industries, Inc. (IMI), IMI Services USA, Inc., Bethesda, Maryland, is being awarded a $12,770,947 modification to a previously awarded firm-fixed-price contract for the procurement of 70 improved tactical air launched decoys (ITALDs), 17 ITALD training vehicles, 10 improved decoy tester/mission programmers and organization intermediate level cabling kits and 1 lot of supply support equipment.
Work will be performed in Ramat Hasharon, Israel (63 percent); Toledo, Ohio (28 percent); and Wayne, New Jersey (9 percent), and is expected to be completed in August 2006. The Naval Air Systems Command, Patuxent River, Maryland is the contracting activity.U.S. exports to Israel go up to $4.3 billion in the first half of 2004, U.S. imports to $7.1 billion
Friday, 13 August 2004
U.S. exports to Israel went up to $4,310.3 million in the first half of 2004 from $3,461.2 during the same period in 2003.
According to U.S. Census Bureau today, U.S. imports from Israel also went up to $7,109 million from $6,299.4 million in the first half of 2003.Moody's elevates the outlook on Israeli banks' Financial Strength Ratings (FSRs) to stable from negative
Thursday, 15 July 2004
Moody's rating agency has elevated the outlook on Israeli banks' Financial Strength Ratings (FSRs) to stable from negative and has confirmed First International Bank of Israel's (FIBI's) A2 long-term foreign currency deposit rating and C-FSR, both with a stable outlook.
According to Moody's, the operating environment for the Israeli banks, all located in Tel Aviv, Israel, has improved over the past year and is likely to continue to improve over time. Moody's noted that each of the banks has enhanced its risk management processes and is taking measures to reduce credit concentrations. In addition, the investments service noted that the franchise strength of each bank has improved following these actions.
The confirmation of FIBI's ratings concludes a review for possible downgrade initiated last year. The bank has made progress in reducing prior credit concentrations and has enhanced its retail operations in Israel. Together with FIBI's recent announcement of its agreement to purchase Investec Bank Israel, Moody's noted that the bank's fundamental credit risk profile has improved. In confirming the deposit rating, the rating agency added that FIBI is the fifth-largest depository institution in Israel, and that the Israeli authorities and the bank's current shareholders have sufficient ability to support the bank in the unlikely event of need.M+W wins a $32 million contract for design, construction of military facilities at various locations within Israel
Friday, 21 May 2004
M+W Zander US Operation Inc., Plano, Texas, was awarded on 18 May 2004, a $31,676,996 firm-fixed-price contract for design and construction of military facilities. Work will be performed at various locations within Israel, and is expected to be completed by 17 August 2005. The U.S. Army Corps of Engineers, Germany, is the contracting activity.Boeing wins a $78 million contract by Israel Aircraft Industries (IAI) to produce Arrow II components
Thursday, 1 April 2004
Boeing was recently awarded a $78 million contract by Israel Aircraft Industries (IAI) to produce Arrow II interceptor components. The contract, effective immediately, runs through 2006 with options for additional production until second quarter 2008. The total contract value could exceed $225 million if all options are exercised.
Arrow is a ground-based, ballistic missile defense system designed to protect Israel against ballistic missiles. Boeing and IAI signed a teaming agreement in 2002 to co-produce the interceptor for the Arrow weapon system.
Boeing is responsible for production of several Arrow interceptor components including the electronics section, the radome, motorcases for the booster and sustainer and the canister that holds the interceptor in the missile launcher. IAI, the prime contractor of the Arrow system, is responsible for system integration and final interceptor assembly in Israel. Boeing production and program management will be conducted in Huntsville, Alabama.President Bush will welcome PM Ariel Sharon of Israel to Washington on April 14
Friday, 26 March 2004
President George W. Bush will welcome Prime Minister Ariel Sharon of Israel to Washington on April 14, 2004, announced White House Press Secretary.Pioneer wins an $8.5 million delivery order for the components for an unmanned air vehicle system to Israel
Wednesday, 18 February 2004
Pioneer Unmanned Air Vehicle Inc., Hunt Valley, Maryland, is being awarded an $8,500,000 firm-fixed-priced delivery order against a previously issued basic ordering agreement for the procurement of components consisting of payloads, receiver systems, engines, IFF transponders, ground control stations and aircraft components for the Pioneer unmanned air vehicle system.
Work will be performed in Ben Gurion, Israel (55 percent); Hunt Valley, Maryland (25 percent); and Johnson City, New York (20 percent), and is expected to be completed in March 2005. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.Lockheed wins a $7 million contract to provide for F-16 maintenance training for the Israeli Air Force
Thursday, 12 February 2004
Lockheed Martin Simulation, Orlando, Florida, is being awarded a $7,184,417 firm-fixed-price contract to provide for F-16 maintenance training for the Israeli Air Force.
Lockheed Martin Simulation will perform this effort in Fort Worth, Texas. This work will be complete by December 2005. The Air Education and Training Command, Randolph Air Force Base, Texas, is the contracting activity.Diesel wins an $8 million contract for propulsion diesel engines to Israel's fast patrol boat
Wednesday, 11 January 2004
Diesel Engineering Inc., Englewood Cliffs, New Jersey, is being awarded a $7,767,946 firm-fixed-price contract for propulsion diesel engines for its fast patrol boat construction contract to support requirements of the government of Israel, Ministry of Defense.
Work will be performed in Detroit, Michigan, and is expected to be completed by November 2004. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.ExxonMobil wins a $24 million contract to provide fuel in a military sale for Israel
Friday, 19 December 2003
ExxonMobil Fuels Marketing, Fairfax, Virginia, is being awarded $24,314,094 fixed price with economic price adjustment for fuel for Foreign Military Sale (Israel).
Work will also be performed in Baytown, Texas. Performance completion date is expected to be 1 March 2005. The contracting activity is Defense Energy Support Center, Fort Belvoir, Virginia.Valero wins a $7 million contract to provide fuel for the government of Israel
Tuesday, 4 November 2003
Valero Marketing and Supply Company, San Antonio, Texas, is being awarded $7,093,519 fixed price with economic price adjustment type of contract for fuel for the government of Israel.
Performance completion date is expected to be 30 November 2003. The contracting activity is the Defense Energy Support Center, Fort Belvoir, Virginia.U.S. administration intends to provide Israel $2.22 billion in foreign military assistance in FY 2005
Monday, 3 November 2003
The United States and Israel have exchanged letters on October 29 confirming the intent of the administration, subject to Congressional approval, to provide Israel $2.22 billion in foreign military assistance in FY 2005. In addition to noting the importance attached to the U.S.-Israel strategic relationship, the letters reaffirmed the administration’s commitment to enhancing Israel's security and maintaining Israel’s qualitative edge over any combination of adversaries.
That was the Joint Security Assistance Planning presentation during the 36th meeting of the U.S.-Israel Joint Political Military Group (JPMG) that was held in Israel, October 29-30. The meeting was hosted by the Director General of the Israeli Ministry of Defense Director General Amos Yaron. Assistant Secretary of State for Political-Military Affairs Lincoln P. Bloomfield, Jr. led the U.S. delegation.
Assistant Secretary Bloomfield reiterated the administration’s support for cooperative U.S.-Israeli programs and its commitment to continuing to seek funding for future U.S. participation in selected joint research and development projects with Israel. The two sides discussed the importance of maintaining effective controls over weapons and defense technology once exported internationally.Gulfstream wins a $473 million contract to supply, provide support for four Compact Airborne Early Warning (CAEW) platforms to Israel
Thursday, 28 August 2003
Gulfstream Aerospace Corporation, a wholly owned subsidiary of General Dynamics, has been awarded a contract with a potential value of up to $473 million. Gulfstream will supply and provide support for four Gulfstream G550 business jet aircraft, with an option for two additional G550 aircraft, to the Israeli Ministry of Defense. The aircraft will be used as Compact Airborne Early Warning (CAEW) platforms.
The contract includes a firm, fixed-price 10-year contractor logistics support (CLS) program valued at up to $18 million, with the follow-on 10-year option valued at up to $26 million.
Following initial phase and partial final phase production, that includes interior and exterior modifications to the platform at Gulfstream's Savannah, Georgia facility, the mission equipment installation and system integration will be done in Israel.
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