Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)

Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)

Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)

Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)

Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)

Israel’s offset authority, the Foreign Investment and Industrial Cooperation Authority (ICA), announced on 16 August that it had signed a new agreement with US firm Lockheed Martin to continue the company’s engagement with Israeli industry.

The agreement involves fixing Lockheed Martin’s commitment to re-investing 35% of contract value into Israeli industry through offset and counter-trade activity. The agreement will increase Lockheed Martin’s current and future participation in the Israeli aerospace and defence sector, particularly following recent contracts covering the Lockheed Martin F-16I Sufa, C-130J, and Sikorsky CH-53K King Stallion and UH-60 Blackhawk.

Amir Peretz, Israel’s Minister of Economy and Industry (left) and Joshua (Shiki) Shani, Chief Executive of Lockheed Martin Israel (right) at the signing of an umbrella agreement between Lockheed Martin and the Israeli government for industrial co-operation. (Lockheed Martin/Sivan Firag)