With Event Sponsor Congressman Joe Courtney (CT-2)
When: Wednesday, August 11, 2010
11:30am-4:30pm
Where: Radisson Hotel
35 Governor Winthrop Blvd
New London, CT
Did you know that Israel imports an estimated $650 million from the Aerospace, Defense and Safety and Security equipment industry, 65% of which comes from the U.S? From 2007 to 2008, the industry grew by 20% and despite the recent global financial crisis, this industry sees good growth potential for 2010. Israel is a well-developed and sophisticated market for Aerospace, Defense and Safety and Security equipment. Israel’s security-awareness and high level of preparedness are the driving forces for the development of the country’s cutting edge security industry.
U.S. companies that want to participate in this sector attended this presentation given by the Israel Ministry of Defense (MOD) Procurement Mission in New York City to become knowledgeable on:
• MOD Procurement Policies
• MOD Contracts
• Tender Participation
• Compliance Issues
A special guest speaker, Congressman Joe Courtney (CT-2),addressed participants over lunch.
Best Prospects in Israel
Aerospace and Defense: Israel’s defense spending continues to consume a large percentage of its budget. Israel is engaged in long-term modernization plans, including procurements of aircraft, ships, weapons systems, ammunition, vehicles, trainers and simulators, etc. Israel is the world’s third largest arms exporter, after the U.S. and Russia, and the industry imports components, parts, raw materials etc.
Safety and Security: Israel is an attractive market for U.S. manufacturers of high-end equipment and of components that can be integrated into Israeli systems. Israeli manufacturers are important end-users of imported security equipment and components that are integrated into locally produced for-export security systems. In addition, many of the homeland security systems are sold to the Israel Ministry of Defense. These procurements are made with Foreign Military Funding (FMF), giving an advantage to U.S. manufacturers. The import market, estimated at $600 million has a 70% U.S. market share. U.S. exporters dominate the market for sophisticated equipment used in homeland security applications. U.S. security equipment, which enjoys an excellent reputation in Israel due to its high reliability, is often used for sensitive applications, by high-security industries and for key infrastructures and installations. The market offers good opportunities for U.S. exporters of high quality and sophisticated detection and screening systems, cctv, sensors, biometric solutions, x-ray systems, non-lethal weapons, etc.
Tentative Agenda:
11:30am Registration
12:00pm Lunch
Guest Speaker: Congressman Joe Courtney (CT-2)
1:15pm Presentation from Israel Ministry of Defense, Mission in New York
4:00pm Questions and Answers
4:30pm Conclusion
Registration
Fee was $60.00 per participant and includeds lunch.
For Information and Questions Please Contact:
Anne Evans
860.638.6950
Anne.Evans@trade.gov
Melissa Grosso
860.638.6950
Melissa.Grosso@trade.gov
