Inside This Edition: • Lahav’s New Distribution Mission Training (DMT) System • Interview with Nissim Hadas - Elta Systems’ President • Ramta’s Unmanned Ground Vehicles

Israel Aerospace Industries Ltd.news

Information on Israel’s Largest Aerospace Concern • Fourth Quarter, 2006 • Issue 20

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ISRAEL AEROSPACE INDUSTRIES

IAI Attained $115 Million in ProfitDuring the First 9 Months of 2006: An Increase of 247 Percent Over the Same Period Last Year

Itzhak Nissan

Israel Aerospace Industries’ profit before reorganizationexpenses for the third quar-ter (3rd Q) of 2006 was ap-proximately $42 million, as compared to $16 million for the same period in 2005, an increase of 263 percent.The company’s profit beforereorganization expenses for the first nine (9) months of2006 was approximately $115 million, as compared to $47 million for the same period in 2005, an increase of 247 percent.Sales for the third quarter of 2006 totaled $681 million, compared to $624 million in the same period last year, an

IAI Now Stands For Israel Aerospace IndustriesOn November 6, 2006, Israel Aircraft Industries Ltd. (“IAI”) officially changed itsname to Israel Aerospace Industries Ltd. The purpose of the name change is to more accurately reflect the current scope of IAI’sbusiness activities, which include not just air-craft, but also systems, satellites and launchers, maritime and ground systems, and more. The change in the company’s name is the first stepin a comprehensive re-branding campaign, which will enhance IAI’s position and image in the aerospace and defense market. There has been no change in IAI’s ownership or corporate structure.IAI looks forward to a continued fruitful relationship with its customers.

Profit in the third quarter of 2006 - $42 million

increase of 9 percent.Sales for the first nine (9)months of 2006 totaled $2.00 billion, compared to $1.75 bil-lion during the same period in 2005, representing an increase of 14 percent.IAI’s backlog of orders reached

$6.9 billion by September 30, 2006, compared to $5.8 billion on September 30, 2005, an increase of 19 percent.At IAI’s Board of Directors meeting during which the company’s financial state-ments for the first nine monthsof 2006 were authorized, IAI’s Chairman Yair Shamir, said: “Israel Aerospace Industries continues to show improve-ment in its financial state-ments and achieved a net profit of $71 million for thefirst nine months of the year(after allocating funds for employee’s voluntary retire-ment plan). This ongoing improvement is reflected by both profitabilityand other business measures. Continuing in this direction will facilitate the issuing of bonds, which will be based on the financial statementsfor the year ending December 2006.”IAI’s President & CEO, Itzhak Nissan, said that: “All IAI’s groups have improved their business results since the be-ginning of FY 2006. We will continue our policy of increas-ing profitability and improv-ing the financial strength ofthe company.” IAI’s Corporate Vice President of Finance, Menashe Sagiv, said: “As of September 30, 2006, IAI’s equity totaled $495 million, as compared to $438 million at the same period last year, an increase of 13 percent. This increase stemmed from growth in profit.”

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IAI’s Lahav Division exhibited its new Distribution Mission Training (DMT) system at the 2006 I/ITSEC (Inter-service / Industry Training, Simulation and Education Confer-ence), which took place in Orlando, Florida, December 4-7, 2006.The DMT system consists of a High Level Architecture (HLA) protocol, a network-linked F-16 cockpit with high-resolution visual dome and a control/instructor station for mission plan-ning and debriefing.The new system simulates a realistic battle-field and gives pilots an opportunity to trainin “real world” situations with various threats by operating virtual sensors and weapons. The DMT allows an unlimited number of pilots to simultaneously train on the ground. Each pilot sits in his own simulator and all the simulators are connected through an HLA protocol that enables each pilot to view the same situational picture as the others. It also allows the flight in-structor to “inject” data into the system, such as missiles being “shot”, anti-aircraft fire, enemyaircraft and other parameters. “IAI/Lahav’s DMT system is innovative be-cause the connection between all training pilots is done by communication protocols,” explains Yoram Peled, one of DMT’s Project Managers and a former IAF pilot. “By using the new system we can blend reality and imagination by conducting a real training scenario with two physical aircraft in the sky, and an additional four “simulated” aircraft. The two “real” pilots see the simulated aircraft in their displays and have to consider them. In this way, a routine

IAI/Lahav Division’s New Distribution Mission Training (DMT)

training of two aircraft becomes a full training of six aircraft, even though some of them are on the ground,” adds Peled.Besides the simulator booths themselves, IAI’s Lahav Division presented a Mission Planning and Control station for planning complex train-ing scenarios, and a debriefing station. Lahav’ssystem can hook up to existing flight debriefingsystems and was designed in an open architec-ture that allows for the integration of unique algorithms required by different air forces.IAI’s Interactive Tactical Simulator system was initially developed exclusively for interactive training and therefore costs only a quarter of the price of competing systems. IAI can adapt the system to the customer’s needs, by the number of simulators needed, types of training and its complexity. IAI/Lahav offers the new system to its potential customers in an operative leas-ing method; where the system will be operated and maintained by either Lahav’s personnel or a third party.

3NEWS

The robotic D9T program began two years ago following meetings between the Israel Ministry of Defense (IMOD) and Ramta design engineers, according to Col. (Ret.) Nissim Perez, former director

of IDF combat engineering doctrine and head of Ramta’s new technologies development team. “The joint engineering team presented studies on the various threats facing IDF ground forces, the effectiveness in defeating those threats and projected future threat scenarios. Subsequent meetings were held in the U.S. where the robotic D9T’s full capabilities were briefed and demon-strated to a joint IDF-Ramta team. This led to the jointly-funded program between the Israel Ministry of Defense (IMOD) and IAI Ramta. It will be a much more capable version than the

earlier robotic D9 dozer now operational in the IDF,” says Perez.The first D9T platform for conversion by Ramtahas already been purchased by the IDF, and is slated to become operational by the end of 2007. Several other platforms will follow once testing is complete. The robotic D9T uses the latest in digital com-

IAI’s Ramta Division to Launch Two New Unmanned Platforms in 2007

mand and control (C2) technologies to interface with the onboard computer. The new platforms will have both automated functions and semi autonomous features to handle heavy explosive charges and dangerous obstacles without risk to human life.“The robotic D9T will retain all capabilities incorporated into the manned bulldozer, and special capabilities will be added by Ramta to increase the platform’s effectiveness against future battlefield threats,” says Perez. On a parallel track, the smaller robotic Multi-Terrain Loader (MTL) “MiniCat” prototype

Israel Aerospace Industries’ Ramta Division plans to launch two new Unmanned Ground Vehicles (UGV’s) during 2007- the robotic D9T bulldozer and the Multi-Terrain Loader (MTL), also known as the “MiniCat”. Both base platforms being converted by Ramta are manufactured by Caterpillar, Inc. and will be employed in a variety of military, paramilitary and civilian missions

Nissim Perez

Joint IDF-Ramta-ITE Team visit at Caterpillar, Inc. in Peoria, Illinois, U.S. (From L-R): Chanan Ben-Dov, Ramta Dir. of Marketing, Gideon Ben-Arie, VP, ITE, Ltd., Nissim Perez, Ramta Ground R&D Mgr., Maj. Gabi Dubresko, IDF R&D, Maj. Amit Katz, IDF UGVs, Maj. Yoram Manshurie IDF Procurement, Hal Hanes Caterpillar, Inc.

Operator Control Unit (OCU)

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While Israel Aerospace Industries is recognized as a leader in the development of unmanned aerial vehicle (UAV) systems, IAI’s Ramta Division has played a substantial role in proving the utility of unmanned ground platforms such as tanks and other vehicles for civilian and IDF combat operations

has already been completed. The “MiniCat” is a semi-autonomous robotically controlled platform, which is currently being field-testedprior to deployment. The project is funded by Ramta along with Israeli partners InRob, Ltd. and I.T.E., Ltd. the Israeli dealer for Caterpillar, Inc.The robotic “MiniCat” follows the same devel-opment philosophy as the robotic D9T by reduc-ing the danger to human lives while performing rescue operations in hazardous environments such as moving debris in partially collapsed buildings after an earthquake while searching for survivors. It incorporates add-on technolo-gies such as a manipulator arm and various sen-sors to successfully complete its missions.

Perez: “The robotic D9T will retain all capabilities incorporated into the manned bulldozer, and special capabilities will be added by Ramta to increase the platform’s effectiveness against future battlefield threats”

“Ramta’s experience in developing robotic systems goes back more than two decades with the successful conversion and fielding ofunmanned tanks and their onboard systems for use in the IDF, the U.S. Army, and Swedish military,” says Perez. Some of these earlier unmanned vehicles are still operational, with continuous system updates and upgrades over the years as new re-quirements are established. The tasks that these platforms perform have become more complex and demands are more robust. U.S. lawmakers have mandated that one third of all ground vehicles be unmanned by the year 2015. This presents a tremendous potential market for manufacturers of UGVs.As robotic platforms take on increasingly crucial roles in military and homeland security operations, Ramta is looking ahead to the de-velopment of future platforms and systems to meet these upcoming needs.

5RAMTA

Nissim Hadas

“When the fighting in Lebanon last summersubsided, Elta’s management began a detailed review and analysis on how our systems functioned during operational missions. We wanted to learn what we could do to improve our systems and make them more responsive to the challenges of guerilla fighting the IsraelDefense Forces (IDF) faced,” says Nissim Hadas, President of IAI’s Elta Systems Group and Subsidiary.How can Elta assist in countering the major threat to Israel during that war, namely, the ‘Katyusha’ rockets, in the future?Hadas: “The ‘Katyusha’ missiles launched by the Hezbollah terrorists were a major threat to Israeli towns and population. The terrorists hid both the launchers and the rockets in residential areas and only brought out the launchers for a few minutes. Therefore it is critical for the IDF to have accurate, top-quality, real-time intel-ligence to allow it to counter this threat.During the Lebanon war, Elta’s systems achieved a very high level of target identifica-tion, location and recognition and when com-bined with IDF weapons systems, destroyed many launchers, without causing severe damage to the surrounding area of the launchers.Elta can provide systems capable of receiving and processing all kinds of intelligence – visual, SIGINT and ELINT, that know how to trigger and guide the suitable weapon system. I am referring to advanced command and control sys-tems that create a situation whereby all means, both intelligence and firepower, will integrateand operate together.”

Should there be more focus on defensive systems?Hadas: “There needs to be an equal focus on both offensive and defensive systems. We are now examining various options on how to counter ‘Katyusha’ rockets in flight. At the same time we continue to develop de-fensive systems that counter problems arising from homeland security issues such as site and border protection. Elta has already developed one of the most advanced strategic site systems in the world. In fact, we recently won a competition to provide a defensive system for the New York City area airports.”Elta has always been successful in developing products and solutions based on the IDF’s combat experience. Will the lessons learned from the Lebanon conflict assist in developingbetter products?Hadas: “Absolutely. Our goal is to remain one of the world’s leaders in electronic systems and in order to be a leader you must be on the forefront of technology and modify systems based on lessons learned. We develop and manufacture a very broad line

Nissim Hadas, President of IAI’s Elta Systems Group and Subsidiary, told IAI News about lessons learned from Elta’s systems operated by the IDF in the recent conflict in Lebanon, anddescribed Elta’s future horizons

Elta Systems’ President Nissim Hadas Talks About Lessons Learned From Recent Conflict in Lebanon

Elta’s 2006 annual results mark a new record:• Total sales : $777 million• Backlog of orders in sales : $2.5 billion• Net profit before tax : $62 million

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IAI’s Elta Systems Receives the National Quality AwardIAI’s Elta Systems Group and Subsidiary received the National Quality Yitzhak Rabin Memorial Award, during the 16th Interna-tional Conference on Quality that took place in November 2006.Israeli Vice Prime Minister, Shimon Peres, presented the award to IAI’s Corporate VP and President of Elta Systems, Nissim Hadas. He commended IAI for founding Elta in Ashdod some 40 years ago, noting that thanks to Elta, the city had flourished.“Elta focuses on highly sophisticated areas of development, and is a global leader in some of these, such as its radar systems, where their reputation precedes them”, said Mr. Peres. “The International Conference for Quality”, added the Vice Prime Minister, “emphasizes the realm of quality which plays a key role in innovative development.” Elta’s President Nissim Hadas said: “Elta is recognized for its work and education to-wards excellence and its uncompromisingly high quality. The systems developed by Elta are operable on land, in the air and at sea, and include those used by the Israel Defense Forces during its operation to intercept the

‘Karine A’ terrorist ship.” Nissim Hadas noted that Elta employs 3,000 peo-ple, and also provides sub-contracting work for other companies throughout Israel. “Nearly 90% of the company’s products, including radar and electronic warfare systems as well as different communication systems, are exported throughout the world. Elta can certainly compete with other global giants in these fields,” added Hadas.

Nissim Hadas, President of Elta Systems (right), and Yaakov Katzav, Head of Quality Management at Elta (left), receive the National Quality Award. On the stage - Mrs. Ziva Patir, Director General of the Standards Institution of Israel, and Mr. Shimon Peres, Vice Prime Minister of Israel

of systems including intelligence, surveillance, reconnaissance, early warning and control, target acquisition and fire control applications.We are engaged in developing radars, electronic warfare and advanced communications systems. We upgrade our products regularly to see if they can be improved, and some of the recent improvements made are as a result of lessons learned during the Lebanon war.”What are Elta’s future business opportunities outside of Israel?Hadas: “More than 50 different countries have purchased our products. We are well established in many countries and strive to even have a stronger position in the larger markets, such as the United States, Europe and South Korea.

I believe that by combining our in-house capabilities with IAI’s capabilities and infra-structure, one area that Elta will excel in is integrated super-systems. Due to our proven experience in system engineering and integra-tion and our core technologies in microwave technology, antennas and miniaturization, sig-nal processing and advanced computerization, data and image transfer and data fusion, we are well positioned to offer advanced systems to meet the demands of even the most sophisti-cated customer.I am very confident that Elta will remain a leaderin developing defense systems for both export and local use. This will contribute to Israel’s security and economy.”

Elta Systems’ President Nissim Hadas Talks About Lessons Learned From Recent Conflict in Lebanon

Hadas: “During the Lebanon war, Elta’s systems achieved a very high level of target identification,location and recognition and when combined with IDF weapons

systems, destroyed many launchers, without causing severe damage to the

surrounding area of the launchers”

7ELTA

IAI Completes Acquisition of 30% of Tiltan, A Subsidiary of Matrix

IAI and Matrix announced on October 31, 2006, the comple-tion of the sale of 30 percent of the share capital of Tiltan, a Matrix subsidiary for $6 million. Tiltan is a leader in producing simulation products for military organizations.The strategic collaboration agreement was originally an-nounced in March 2006. The agreement was fully complet-ed following the approvals of IAI’s and Matrix’s Boards of Directors and the Government of Israel anti-trust office.As a result of the investment, Matrix is expected to account for a capital gain of NIS 7.6 million (approximately $1.7 million) in its financial state-ments for the fourth quarter of 2006.As part of the agreement IAI received an option to increase its holdings by an additional 5 percent for an added invest-ment of $1.54 million. Under the terms of the agree-ment IAI and Tiltan will col-laborate on joint projects to develop solutions that the two organizations can market to customers both in Israel and overseas.

IAI paid $6 million for the investment

Itzhak Nissan, IAI’s President & CEO, commented on the completion of the transaction: “The investment in Tiltan is a strategic move by IAI, which aims at complementing IAI’s existing knowledge base and enabling the expansion of its simulation and command and control offering for military/security applications. We also expect the collabora-tion with Tiltan to contribute to the positioning of IAI as a key innovator in these areas. We welcome the partnership with Matrix, a leading software vendor in the Israeli market.”Motti Gutman, CEO of Matrix,

said: “We are delighted to col-laborate with an organization of IAI’s position. IAI’s deci-sion to invest in Tiltan is a vote of confidence in the superiorityof Tiltan simulation products for military applications. Both companies stand to real-ize a huge added value from the transaction. Tiltan’s unique simulation products are in high demand in the defense market and are broadly implemented in Israel’s defense system; they also have a great export potential. I have no doubt that IAI’s investment will jump start Tiltan’s international operations.”

First B737-300 Aircraft Converted by Qantas Airways Under IAI’s STC Delivered to Australian Air Express

The first of four B737-300 aircraft, converted in-house by Qantas Airways Ltd. under IAI/ Bedek Aviation Group’s Supplemental Type Certificate(STC) was delivered to Australian Air Express last month in Avalon, Australia. Dany Kleiman, Corporate Vice President and General Manager of the Bedek Aviation Group

IAI’s Bedek Aviation Group Supplied B737-300 Passenger to Freighter Conversion Kits and Technical Support to Qantas

said that: “We are pleased that Qantas is convert-ing its B737-300s, using IAI’s kits and technical support. This delivery of the first convertedaircraft marks a significant milestone in ourrelationship with Qantas and I am confidentit will lead to future strong mutual business opportunities.”

At IAI’s Offices (from left to right): Eliezer Oren - Deputy Chairmanand President - Matrix, Arie Shafir - CEO - Tiltan, Moti Gutman -CEO - Matrix, Menashe Sagiv - Corporate VP Finance - IAI, Yehoshua Eldar - Corporate VP for Business Development & Subsidiaries - IAI, Orna Zehavi - Deputy Corporate Legal Advisor - IAI and Dov Cohen - Corporate Director of Business Development - IAI, Adv.

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Kobi Orbach - Director of the LORA project (left) receives the award for the second place prize

IAI received three awards from the Israel chap-ter of the Project Management Institute (PMI) at the 10th Annual Israel Conference in June 2006. The event was held in Tel Aviv.

IAI Received Three Best Project Awards From the Project Management Institute - Israel Chapter

reasons for our decision.”The prize for the second place was awarded to Kobi Orbach from IAI’s MLM Division for managing the LORA weapon system project. The purpose of the project was to prove an ability to accurately destroy a target using a maneuvering and guided assault missile. The success of the project marks an international breakthrough.The judging committee said: “Kobi Orbach successfully dealt with managing a development team working in an advanced technological environment. The project objectives were suc-cessfully fulfilled.”Rami Cohen from IAI’s Malat Division received a Citation for a project to develop and supply Unmanned Aerial Vehicles (UAVs) to a foreign customer. The highly technological project was performed on a tight schedule and the satisfiedcustomer placed a second large order. The judg-ing committee stated; “Rami Cohen made the project a success by coordinating all subcon-tractors and implementing project management methodologies.”The judging committee applied accepted criteria in project management to determine the win-ners. On time delivery, profitability, customersatisfaction and the degree to which advanced project management methodologies were used, were all taken into consideration.

Major products on display were: The BirdEye mini UAV and the I-View close range tactical UAV, the Twister multi-mission joint operation control center, the MSIS Multi-Sensor Intelligence & Surveillance System, the RICent Real time Image intelligence Center, the El/I-3150 Multi-Mission Airborne Reconnaissance & Surveillance system (MARS2), the EL/M-2107 ADMIR Advanced Miniature Movement Detection Digital Radar, the LAHAT Laser homing Attack missile and the FireBall smart mortar bomb system.

The award for the first place was given to IlanFaigenbaum from IAI’s Commercial Aircraft Group for managing the G150 Business Jet Project. The G150 is a business jet developed and manufactured by IAI in cooperation with Gulfstream Aerospace. The development of the G150 began in 2002 and was completed on sched-ule in 2005, to the customer’s full satisfaction. The judging committee stated that: “Ilan Faigenbaum directed a complex and challeng-ing project by applying advanced management methodologies and motivating a large multi-disciplinary team. His personal abilities and the successful outcome of the project were the

Ilan Faigenbaum - Director of the G150 Business Jet Project (middle) receives the first place awardfrom Meir Sheetrit - Israel’s Minister of Housing and Construction (left) and from Shai Shargal - President of PMI’s Israeli Chapter

Rami Cohen from IAI’s Malat Division (right) receives a citation award

IAI participated in the Defense Asia 2006 exhibition - October 18-22, 2006 in Korea

9NEWS

Nava Sela - General Manager, Aero-Assemblies Division, Commercial Aircraft GroupNava Sela joined IAI in 1979. She was General Manager of the SHL Divi-sion in IAI’s Commercial Aircraft Group; Deputy

General Manager of the Manufacturing Divi-sion; Director of Composite Materials for the Manufacturing Division; and head of the Engineering Division’s composite materials

Shlomo Karako - General Manager, Business Jets Division, Commercial Aircraft GroupShlomo Karako joined IAI in April 2005 as the Deputy Director of the Business Jets Directo-rate at IAI’s Commercial

Aircraft Group. Shlomo Karako served in the Israel Air Force (IAF) between the years 1977-2004 and retired as a Colonel. He served as Wing Commander for aircraft engines; head of the combat engines department; head of the propulsion branch; and head of the aircraft division in IAF’s equipment group.Shlomo Karako holds an Executive MBA (EMBA) from the Tel-Aviv University and a B.Sc. in Mechanical Engineering from the Ben-Gurion University.

Shlomo Karako

New Appointments AT ISRAEL AEROSPACE INDUSTRIES

Dov Shavit - General Manager, Production Technologies Division, Commercial Aircraft GroupDov Shavit joined IAI in 1985. He was Deputy General Manager of the Manufacturing Division. His professional back-

ground includes managing manufacturing proc-esses at Procter & Gamble (P&G) in the U.S.Dov Shavit holds an MBA from XAVIER Uni-versity, Ohio and a B.Sc. degree in Mechanical Engineering (Cum Laude) from the City Col-lege, New York.

IAI’s Board of Directors, chaired by Yair Shamir, approved the President & CEO, Itzhak Nissan’s recommendations for the following new appointments, as a result of the reorganiza-tion of IAI’s Commercial Aircraft Group into three new divisions:• Business Jets Division - will develop and

manufacture business aircraft.• Aero-Assemblies Division - will manage

sub-contractors and manufacture of com-posite aerospace assemblies.

• Production Technologies Division - will manufacture parts for aircraft assemblies.

Nava Sela

Dov Shavit

development team. Nava Sela holds an M.Sc. in Mechanical Engineering (Cum Laude) from the Tel-Aviv University and a B.Sc. in Chemical Engineering (Magna Cum Laude) from the Technion - Israel institute of technology.

IAI’s Commercial Aircraft Group Reorganized

New Finance Appointments at IAIThe following Chief Accountant appointments at IAI were approved by IAI’s Board of Di-rectors, chaired by Yair Shamir, based on the recommendations of IAI’s President & CEO, Itzhak Nissan:

Jacob Vistanetzky appointed Chief Accountant of the Bedek Aviation GroupJacob Vistanetzky has been appointed Chief Ac-countant at IAI’s Bedek Aviation Group. He was formerly the Chief Ac-

countant of IAI’s Commercial Aircraft Group.Jacob Vistanetzky began working at IAI in 1982 as an economist in the Manufacturing Division of the Commercial Aircraft Group. Later he was appointed Accountant of the former Business Jets Division. Vistanetzky is an experienced negotiator with suppliers, customers and finan-cial institutions. Jacob Vistanetzky holds a Master’s degree in Economics and is a graduate of several profes-sional business courses.

Jacob Vistanetzky

I s r ael Aerospace Industries Ltd.10

Bedek’s Engines Division Received FAA Certification For OverhaulingCFM56-7B Series Aircraft Engines

Bedek Aviation Group’s Engines Division has received certification from the U.S. Fed-eral Aviation Administration (FAA) to provide overhaul and repair services for CFM56-7B series engines. CFM56-7B series engines are installed exclusively on Boeing 737NG series aircraft, which includes the B737-600 through B737-900 type.Dany Kleiman, IAI Corporate Vice President and General Manager of the Bedek Aviation

Group, said that: “Obtaining FAA certificationto overhaul CFM56-7B series engines is an important milestone and brings Bedek’s Engines Division closer the goal of servicing the entire CFM56 engine family. Our next goal is to obtain FAA certification for the CFM56-5 series by theend of 2007.”Bedek started overhauling the CFM56 family of engines eight years ago. Today the Division books new overhaul contracts for this family of engines worth $60 million annually and the goal is to reach sales of $100 million annually by the end of the decade.The Engines Division is a single site source for the maintenance, repair, overhaul, conversion and testing of civil and military aircraft engines. The Division handles over 560 engines per year of 30 different types, manufactured by a wide range of companies including: Pratt & Whitney, PWC, GE, CFMI, Honeywell and others. By hiring additional professional personnel, purchasing new equipment and expanding its 250,000 square foot of facilities, Bedek’s Engines Division is gearing up to increase its total sales from approximately $190 in 2006 to $300 million annually by 2010.

Eyal Nahum appointed Chief Accountant of the Commercial Aircraft GroupEyal Nahum has been appointed Chief Account-ant of the Commercial Aircraft Group. He was formerly Director of Finance and R&D at the Military Aircraft Group’s Lahav Division and an Accountant of the MagNet Division. He began working at IAI in 1987. He served as the head of several projects at the Lahav Division and was also a Director of an outside company. Eyal Nahum dealt with the financial man-agement, managing cash flow and customercontracting.Eyal Nahum holds a B.A. degree in Eco-nomics and Management from the Tel-Aviv University.

Eyal Nahum Doron Zakai

Doron Zakai appointed Chief Accountant of the Systems, Missiles & Space Group Doron Zakai has been appointed Chief Accountant of IAI’s Sys-tems, Missiles & Space Group. He was previously Accountant of Bedek Aviation Group’s Engines Division. He began working at IAI in 1985 as an Econo-mist at the MLM Division, and was later ap-pointed the Head of the Budgeting, Costing and Control Department of the former MTM Division in the Bedek Aviation Group. Zakai is experienced in managing financial projects,cash flow and customer contracts.Doron Zakai holds an MBA degree and a B.A. degree (cum laude) in Economics and Business Administration from the Bar-Ilan University in Israel.

11NEWS

ISRAELIsrael Aircraft Industries Ltd. Ben-Gurion Internation al Airport 70100 ISRAEL Tel: (972)3-935-3343, 935-5397 Fax: (972)3-935-8278, 935-5463 Marketing: E-mail: yfishman@iai.co.ilCommunication: E-mail: hpaz@iai.co.il

USAIsrael Aircraft Industries Int'l, Inc. Arlington, VA Tel: (1)703-875-3729 Fax: (1)703-875-3740 E-mail: aberlin@iaidc.com

LATIN AMERICA

ChileIAI - Oficina en ChileTel: (56)2-232-8403 Fax: (56)2-231-6157 E-mail: carlconsultores@vtr.net

ColombiaIAI - Sucursal Colombia Tel: (57)1-635-1218 Fax: (57)1-623-2952 E-mail: iaicolmi@cable.net.co

IAI Worldwide

EUROPE

BelgiumEAT - European Advanced Technologies S.A. Tel: (32)2-5131455 Fax: (32)2-5128279 E-mail: david.harari@iaieurope.com

FranceEAT - European Advanced Technologies S.A. Tel: (33)1-46404747 Fax: (33)1-46404748 E-mail: david.harari@iaieurope.com

RussiaIsrael Aircraft Industries Ltd. CIS & Baltics Tel: (7)095-258-2837 Fax: (7)095-258-2838 E-mail: baraport@online.ru

ASIA

IndiaIsrael Aircraft Industries Ltd. Tel: (91)11-2-614-3103/4 Fax: (91)11-2-614-0177 E-mail: mail@iainewdelhi.com

Bangalore Office:Tel: (91)80-4-115-1442 Fax: (91)80-4-115-1441

South KoreaIsrael Aircraft Industries Ltd. Tel: (82)2-757-0421 Fax: (82)2-757-0431 E-mail: iaikorea@kornet.net

ThailandIsrael Aircraft Industries Ltd. Tel: 66-2-2535148/9 Fax: 66-2-2535147 Email: iaithai@loxinfo.co.th

AUSTRALIAIsrael Aircraft Industries Ltd. Tel: (61)2-6262-7300 Fax: (61)2-6262-7301 Email: iaia@tpgi.com.au

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