Israel Aerospace Industries impending $1.2 billion deal with a foreign customer, evidently includes advanced radar systems.
Israel Aerospace Industries is negotiating the sale of $1.2 billion in electronic systems to an unidentified foreign customer, the state-owned company said in a terse Tel Aviv Stock Exchange announcement Sunday.
If IAI wins it, the contract will be for a five-year period and appears to include advanced radar systems.
IAI released the announcement shortly after another one forecasting negative cash flow from operations for the second quarter ended June 30, citing a delay in payments it is owed from the Defense Ministry.