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Tuesday, June 19, 2007

Israel Could Make 800 Million At Paris Air Show

While Israeli companies are out there "strutting their stuff" to the world, Globes is reporting that these corporate firms could generate an enormous amount of cash from contracts--$800 million to be exact.

(Globes Online) 11 Israeli companies from the defense and security sectors will be exhibiting in the Israeli pavilion at the 2007 Paris Air Show opening tomorrow at Le Bourget. Israel is considered a leading defense exporter, and it is ranked fourth in aviation and defense technologies exports after the US, Russia and France.

Speaking at a press conference ahead of the air show, Israel Export and International Cooperation Institute chairman David Arzi said the 11 Israeli companies exhibiting at the Paris Air Show could sign as much as $800 million in new contracts there.

Israeli companies competing in the air show include:

As the air show started yesterday, there are no final numbers as to how much these companies will generate. Either way, it will be a great way for Israel to display their more technological side to not only Europe, but the rest of the world.

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