Israel - Follow the Money

1.SDS wins Indian night vision equipment order

SDS - Star Defense Systems Ltd. (TASE:SDS) has received a NIS 153 million order for three types of night vision equipment for targeting and observation from India's Ministry of Defense. Deliveries will begin in the third quarter and continue through 2012. The order brings SDS's orders backlog to NIS 250 million. The company says that it expects follow-on orders from India.

2.Korean Aerospace set to buy big in Israel

Ahead of the Ministry of Defense decision on the Air Force's new jet trainer, a senior executive from Korean Aerospace Industries Ltd. has come to Israel to try to persuade Israeli officials to pick the company's T-50 Golden Eagle. irrespective of the pending deal, Korean Aerospace had bought many components from Israeli defense companies, amounting to about $400 million. Song expects that, in view of South Korea's developing aerospace industry, procurements from Israeli defense companies will expand in the coming years. He predicts that the figure could reach $800 million.

3.Intel Israel to produce new Ivy Bridge processor

Intel Israel Ltd. will produce Intel Corporation's (Nasdaq: INTC) new Ivy Bridge processor, even though Intel Israel did not develop the technology. Intel unveiled its next-general Ivy Bridge processor yesterday at a virtual event, which the company touted as the "most important technology announcement of the year." Israel’s foreign exchange reserves rose to a new record of $77.41 billion at the end of April 2011, $2.88 billion more than at the end of March, the Bank of Israel reported today.

4.Foreign currency reserves rise to record $77.4 billion!

Israel’s foreign exchange reserves rose to a new record of $77.41 billion at the end of April 2011, $2.88 billion more than at the end of March, the Bank of Israel reported today. In comparison, Canada has 63B, Australia 41B, Iran 75B and Norway 53B. 

COMMENT: Not bad for a country that has a huge defense budget.

5.Elbit Systems wins €43m Macedonian Army contract

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a €43 million contract to set up a helicopter pilot training center for Macedonia's Defense and Security Forces. Elbit Systems will purchase the aircraft, supply full mission simulators and operate the center to qualify new pilots and train current ones.

6."There's an Israeli working on every problem the world calls insoluble"  

 

"For every problem in the world recognized an insoluble, there is one Israeli or more energetically working on it," says Dr. Garry Neil, corporate vice president at the Corporate Office of Science and Technology (COSAT) at J&J, in an exclusive interview with "Globes." COSAT is responsible for J&J's early stage cooperation with academic instructions and young companies. "The book 'Start-up Nation' sums it up well. Israelis aren't afraid of technology and want to solve problems. Apart from that, because everybody knows everybody, they gladly exchange information. It's wonderful."

7.Why Koreans study Talmud

Almost every house in South Korea has a translated Talmud. Moreover, the South Koreans have made the collection of ancient rabbinic writings on Jewish civil and religious law part of their school curriculum's compulsory literature. But unlike Israel, even Korean mothers study it and read from it to their young children. Yes, in a country of almost 49 million people who believe in Buddhism and Christianity, there are more people who read the Talmud – or at least have a copy of it at home – than in the Jewish state. Much more.
For the full article please see http://www.ynetnews.com/articles/0,7340,L-4065672,00.html

Impossible is Just an opinion - Gil Atkinson