IAI wins $350M European special mission aircraft deal
The contract will be carried out by Israel Aerospace Industries' subsidiary ELTA Systems.
Business & Finance
National Instruments buys Israel's OptimalPlus for $365M
"We are confident NI is the ideal partner to accelerate our innovation and increase sales opportunities through advanced product analytics," says OptimalPlus CEO Dan Glotter.
Startup Nation's small tech firms barely holding on
Over half of small startups say that if the current situation continues they will have to lay off workers, and 63% of start-ups with products on the market report a significant drop in sales.
Jerusalem hopes 'Silicon Wadi' will create 10,000 jobs
Jerusalem Mayor Moshe Lion heralds "true revolution" for east Jerusalem, with emphasis on the high-tech, business, and hotel sectors.
Did US pressure cause China to lose a construction bid in Israel?
Several Chinese companies that submitted bids to build a new desalination plant at Soreq lost out to Israel's IDE Technologies, which will build a facility to supply Israel with more desalinated seawater at a lower price.
Israeli economy shrinks by 7.1% in Q1 over coronavirus
Crisis sparked by pandemic leads to first quarterly contraction, on annualized basis, since 2012.
Israel's Teva gets green light from China on major treatment
Teva says the Austedo approval was the second approval in China for one of its specialty medicine, adding that it will commercialize the medicine in China independently.
Israel's diamond industry grinds to halt amid pandemic
Coronavirus outbreak has caused Israel's diamond trade to decline by 90% compared to a year earlier, missing out on transactions that would have been worth $1.5 billion in March and April.
Government demands reforms at El Al before bailout loan
Flag carrier is seeking state-backed loans of $400 million to help it through the coronavirus crisis. El Al has presented its own plan that includes an unknown number of layoffs. Finance Ministry denies plan to dissolve airline.
Israel signs deal to lease drones to Greece for border defense
First military deal between the two countries also includes an option to buy the system. Defense Ministry says agreement with the Hellenic Ministry of National Defense was signed digitally due to the coronavirus crisis.