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An investment of NIS 50 million: the Aerospace Industry will build a new factory in this city - voila! Real estate

2024-02-29T14:45:08.036Z

Highlights: An investment of NIS 50 million: the Aerospace Industry will build a new factory in this city - voila! Real estate. "The residents of the Otaf and the south are a protector for all the citizens of the country" The new factory will produce components for the company's systems in all arenas, and will be the first unique technological knowledge center of its kind in Israel for the development of these components. The decision comes two weeks after the laying of the cornerstone of the new land factory in Be'er Sheva, which is expected to employ approximately 500 workers.


As part of the national trend for the development of the South and the Negev, the Aerospace Industry Board approved the establishment of a new factory in the city of Ofakim, in which it will invest, together with its subsidiary Eltel, about NIS 50 million


The Aerospace Industry will build a new factory in Ofakim/Walla system!

NEWS, aviation industry

The IAI board of directors approved the proposal of the company's management and chairman, Amir Peretz, to establish a new factory in the city of Ofakim. IAI, together with its subsidiary Eltel, will invest an amount of approximately fifty million shekels in the new plant, in which approximately 80 workers are expected to be employed.



We recall that the investment decision in the city of Ofakim, comes two weeks after the laying of the cornerstone of the new land factory in Be'er Sheva, in which the Aerospace Industry will invest approximately 100 million shekels, and which is expected to employ approximately 500 workers. The



new factory in Ofakim, in a national priority area, will be managed through Altel, a subsidiary of the industry The Air Force will engage in the fields of electronic equipment production using advanced technologies, the production of aviation wiring harnesses, for civil and military systems, the execution of generalized electromechanical assemblies and more, while complying with the required standards.

"The residents of the Otaf and the south are a protector for all the citizens of the country"

The city of Ofakim, which is about 25 km from the Gaza Strip, suffered many casualties in the "Iron Swords" war and the establishment of the plant will contribute to strengthening the employment stability in the city and will provide an answer to the immediate business needs of the Aerospace Industry.



Chairman of the Board of Directors of the Aerospace Industry, Amir Peretz: "Since At the outbreak of the war, the Aerospace Industry worked in close cooperation with the defense establishment, to produce technological solutions for the battlefield. As a leading defense company, we see the crucial importance of our contribution to the economic and employment development of the State of Israel and to the increase of local production. The new factory in Ofakim will work in cooperation with all the company's divisions and provide Solutions for all the production lines in the company. The plant will provide employment to the Otaf communities and will provide employment security to the residents of Ofakim, Otaf, Gaza and the south, who are a protector for all the citizens of the country."



CEO of IAI, Boaz Levy: "As a leading defense-technological company in Israel and the world, we are constantly working to provide the IDF and the Ministry of Defense with advanced systems for the sea, land, air and space arenas, while having a thorough understanding of the operational needs. Since the beginning of the war, employees The Aerospace Industry is being mobilized to provide a response to the needs of the military and the security forces emerging from the field. The new factory in Ofakim will produce components for the company's systems in all arenas, and will be the first unique technological knowledge center of its kind in Israel for the development of these components. The scope of the many new deals signed by the company around the world, along with the growing investment in research and development, lead to constant growth and the expansion of local and global activity."

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Source: walla

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