IAI in $400m Russian UAV deal
Deliveries will be made over three years.
Oboronprom will pay IAI a $280 million down payment, and will pay the balance as the UAVs are delivered.
IAI will provide Oboronprom a bank guarantee against part of the payment. The guarantee will be reduced as deliveries of the UAVs progress.
Published by Globes [online], Israel business news - www.globes-online.com - on October 13, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010
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