Israel Aircraft Industries has bested several competing companies in the U.S. and Europe for a $400 million contract to construct an airborne refueling system for the Brazilian Air Force’s fleet of Boeing 767-300 planes, Arutz Sheva reported on Sunday.
IAI Chairman Yossi Weiss said his company was grateful for the opportunity to work with the Brazilian Air Force, and very proud of having been selected from among some of the leading aviation concerns in the world.
The contract for setting up the system is $400 million, Weiss said, with potential for more. “This is a multi-year project,” he said. “This is a very important win for us, as the Brazilian market is a developing one….It is important for us to work in a place like this.
“During these tough economic times, especially in the aviation business, every new contract IAI gets is important,” Weiss added.