Boeing and IAI sign new strategic cooperation agreement

Boeing and Israel Aerospace Industries (IAI) have signed a strategic agreement setting out principles of cooperation between the two companies in commercial and military aviation, in Israel and other markets around the world. According to the agreement, Boeing is expected to provide IAI with work packages totalling potentially billions of shekels, relating to potential future Boeing sales of defence products to Israel, including new tanker aircraft. The agreement also covers cooperation in other transactions Boeing expects to participate in worldwide. The “term sheet” agreement reflects Boeing’s commitment to the State of Israel and its activities there. The Israeli Air Force