A Deal Between Vw And The Israeli Defense Company Rafael Is Nearing Completion, Wiwo Says
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May 13 (Reuters) - VOWG.DE VOWG.DE:
A DEAL BETWEEN VW AND THE ISRAELI DEFENSE COMPANY RAFAEL IS NEARING COMPLETION, WIWO SAYS
ISRAELIS PLAN TO MANUFACTURE COMPONENTS FOR THE IRON DOME AIR DEFENSE SYSTEM THERE, WIWO SAYS
A JOINT VENTURE BETWEEN RAFAEL AND VW IS TO BE ESTABLISHED BY THE END OF THE YEAR, WIWO SAYS
WIWO: IN ADDITION TO THE MAIN OSNABRÜCK SITE, VW AND RAFAEL ARE REPORTEDLY EVALUATING TWO FURTHER PRODUCTION LOCATIONS THAT ARE EXPECTED TO BENEFIT FROM THE SUPPLY CHAIN
WIWO: THE MISSILES AND AIR DEFENSE SYSTEMS WOULD BE MANUFACTURED IN ISRAEL AND THEN MOUNTED IN OSNABRUECK ONTO MILITARY VEHICLES PRODUCED IN GERMANY
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