Israel Aerospace Industries lands $1 billion in drone deals

After a long period devoid of mega-deals, Israel Aerospace Industries has closed two in recent weeks with a combined value of approximately $1 billion.

Both transactions include unmanned aircraft, an area in which the competition, Elbit, has stood out in recent years with the sale of Hermes 900 drones to an Asian country for approximately $300 million in 2021. On its end, the IAI signed a $200 million contract with a different Asian country for the sale of Heron drones.

For example, the Ukrainians have successfully used Turkish attack drone Bayraktar, and the Russians are using the local Orlan-10 and Forpost-R, which is based on the IAI’s Searcher drone.

Recently, Russia purchased an attack drone from Iran in a deal valued at approximately $1 billion, and last week the remains of the Iranian Shahed 136 wandering drone were seen for the first time in the Ukraine. 

The IAI didn’t respond to the report.