The logo of state-owned Israel Aerospace Industries (IAI), the country’s biggest defence contractor, is seen at their offices next to Ben Gurion International airport, near Or Yehuda, Israel February 27, 2017. Picture taken February 27, 2017. REUTERS/Baz Ratner

JNS.org – Israel Aerospace Industries (IAI) and Tomer, a government-owned company producing rocket-propulsion systems, signed a Memorandum of Understanding (MOU) in recent days for the joint development of a new, advanced system.

According to a statement released on Tuesday, the “companies will expand their existing synergy in the fields of propulsion for rockets and missile development. The MoU includes investment in joint projects, mutual research and development, and establishing infrastructure” for future development of rocket propulsion and rocket motors.

“Cooperation between Tomer and IAI over the years has advanced the State of Israel and the defense establishment in the fields of propulsion and missilery, and led to groundbreaking innovation and capabilities,” said Boaz Levy, president and CEO of IAI.

State-owned IAI is Israel’s largest aerospace and defense company. Government-owned Tomer develops and manufactures rocket systems used in air, land and naval weapons systems used by the Israeli Defense Ministry, Israel Defense Forces and foreign armed forces.