Israel Aerospace Industries (IAI), board of directors chaired by Harel Locker, approved IAI's CEO& President, Joseph Weiss proposal to implement a structural transformation. The main initiative implemented under the transformation is the establishment of a single aviation group for all of IAI's aviation businesses. Currently, IAI is structured in six independent groups, each with turnover of several $ hundreds of millions. The new group will focus on four business lines: aircraft development and manufacturing; development and production of aviation assemblies; aircraft conversion and enhancement; and aircraft maintenance. Yossi Melamed, Executive Vice President & General Manager of Bedek Aviation Group was named General Manager of the new group.
IAI exports most of its produce, which is estimated at approx. $4 billion a year. The new structure will be organized according to business lines, as customary in similar leading corporations. Under the new structure, IAI will be better positioned to reinforce existing synergies between its various operations and will lead to significant operational streamlining, including coming out of existing unprofitable lines of business.
Harel Locker, IAI's chairman, said, "IAI is undertaking a structural change process into a business line oriented structure that will strengthen our edge in the fiercely-competitive global markets in which it competes against giant multinationals. The transformation is implemented at a time in which many countries bring home their manufacturing operations and are fighting aggressively for market shares. IAI has some of the world's best human capital and technological capabilities and is well positioned to win more markets by focusing on our relative edge and clear business lines. The initiative approved today does exactly that."
The decision was taken following record-breaking contracts entered by IAI over the past year, including several huge deals, significantly increasing its order backlog.
Joseph Weiss, IAI's President and CEO said, "Recent years saw the global civilian aviation market growing consistently at 5%-7% a year. IAI needs to make the necessary adaptations of its operations to benefit from this growth. For some time we have been considering various alternative adjustments to ensure the conservation and profitability of our national civilian aviation infrastructures while focusing and leveraging the synergies between the various fields of operation to adjust our operations to the global markets. The decision taken today is expected to respond effectively to the challenges while placing IAI on par with the global leaders. We believe the initiative will yield efficiencies and reinforce existing synergies so as to significantly improve our competitiveness."
Israel Aerospace Industries (IAI), board of directors chaired by Harel Locker, approved IAI's CEO& President, Joseph Weiss proposal to implement a structural transformation. The main initiative implemented under the transformation is the establishment of a single aviation group for all of IAI's aviation businesses. Currently, IAI is structured in six independent groups, each with turnover of several $ hundreds of millions. The new group will focus on four business lines: aircraft development and manufacturing; development and production of aviation assemblies; aircraft conversion and enhancement; and aircraft maintenance. Yossi Melamed, Executive Vice President & General Manager of Bedek Aviation Group was named General Manager of the new group.
IAI exports most of its produce, which is estimated at approx. $4 billion a year. The new structure will be organized according to business lines, as customary in similar leading corporations. Under the new structure, IAI will be better positioned to reinforce existing synergies between its various operations and will lead to significant operational streamlining, including coming out of existing unprofitable lines of business.
Harel Locker, IAI's chairman, said, "IAI is undertaking a structural change process into a business line oriented structure that will strengthen our edge in the fiercely-competitive global markets in which it competes against giant multinationals. The transformation is implemented at a time in which many countries bring home their manufacturing operations and are fighting aggressively for market shares. IAI has some of the world's best human capital and technological capabilities and is well positioned to win more markets by focusing on our relative edge and clear business lines. The initiative approved today does exactly that."
The decision was taken following record-breaking contracts entered by IAI over the past year, including several huge deals, significantly increasing its order backlog.
Joseph Weiss, IAI's President and CEO said, "Recent years saw the global civilian aviation market growing consistently at 5%-7% a year. IAI needs to make the necessary adaptations of its operations to benefit from this growth. For some time we have been considering various alternative adjustments to ensure the conservation and profitability of our national civilian aviation infrastructures while focusing and leveraging the synergies between the various fields of operation to adjust our operations to the global markets. The decision taken today is expected to respond effectively to the challenges while placing IAI on par with the global leaders. We believe the initiative will yield efficiencies and reinforce existing synergies so as to significantly improve our competitiveness."
Israel Aerospace Industries (IAI) has recently completed the installation of the first secured border crossing in Argentina. The installation was completed just a few months after IAI had won a contract worth tens of millions of dollars for provision of border control systems for four border crossings characterized by different topologies.
IAI, through its Electronic Defense Group ELTA Systems (IAI/ELTA), has completed the first part of the installation at the La Quiaca border crossing and has delivered it to the Argentinean Home Security Ministry, for use by the Gendarmeria, Argentina's border guard. The next border crossings awaiting installation are Salvador Mazza, Aguas Blancas and Puerto Iguazu.
IAI/ELTA provided a large-scale, integrated ground system with various radars, EO/IR and additional surveillance sensors, communication systems, command and control systems. The next phases will include provision of unmanned aerial systems, including several BirdEye650D Small Tactical Unmanned Aerial Systems (STUAS), several mini-UAV BirdEye400 and HoverMast100 systems . In addition, a range of other sensors, intelligence, surveillance and reconnaissance vehicles (ELI-3302 Granite ISRV) as well as a variety of different radars, EO/IR and additional surveillance sensors will be provided too. The system consists of both fixed towers and mobile stations, enabling versatile operation of the ground forces. Cyber solutions were integrated into the system for early detection and identification of various threats near the border. The information collected from the sensors is sent in real time to the control systems in each border crossing while a centralized system fuses the data into a complete picture which is forwarded to a central command.
Major General (Ret) Gadi Shamni, Executive Vice President of Land Systems at IAI, said, "The integration of IAI's intelligence tools provides Argentina with a novel approach to border control and grappling with multiple challenges faced by many countries. IAI's land systems offer a range of strategic and tactical solutions targeting multiple threats. We combine technological expertise, advanced communication solutions and innovative operational concepts into a comprehensive solution."
In addition to better-equipped crossings, Argentina's border guard will now benefit from a control center that compiles all information received from various sensors in real time, displaying a complete picture that captures and manages maximum surveyed areas and intelligence information.