According to Ynet, Israel's state-owned defense concern Aviation Industry (IAI) is responding to increasing demand for Israeli defense products by expanding its operations abroad.
In India, IAI plans to establish a joint venture with the Indian company BEL to maintain electronic military systems previously supplied to India. In this partnership, IAI will hold a 60% stake.
Additionally, IAI will establish wholly owned subsidiaries in the UK and Germany to facilitate sales of its arms products.
It's worth noting that in May of last year, IAI acquired the private Greek defense company Intracom Defense, which collaborates with both Greek security forces and NATO structures.
