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DDI for Fri. November 10, 2017, Vol. 19, Issue 43

Sweden Chooses Patriot To Upgrade Air And Missile Defenses

The Swedish government has decided to start negotiations on procuring Raytheon’s [RTN] Patriot air and missile defense system for upward of $1.2 billion, the government said Nov. 7.The Swedish Armed Forces (SwAF) and Swedish Defence Materiel Administration (FMV) have been evaluating medium-range surface-to-air defense systems for Sweden since the parliament concluded a 2015 defense framework decision.…

Lockheed Begins Delivering F-35 Simulators To U.S. Allies

F-35 prime contractor Lockheed Martin [LMT] has begun delivering full-mission simulators for the fighter jet to foreign customers, the company announced Nov. 6.The Israeli, Italian, Japanese and Norwegian air forces have become the first international recipients of the pilot-training system, which features a virtual cockpit in a 360-degree dome, Lockheed Martin said. The simulator is designed to…

Israeli Private Equity Firm To Acquire Majority Stake In IAI Satellite Business

Israel Aircraft Industries (IAI) on Nov. 6 said that it has agreed to have the private equity firm FIMIinvest $40 million in its satellite imagery services business, ImageSat International (ISI), in exchange for 54 percent stake in the business.Terms of the deal include ISI buying the new EROS C observation satellite from IAI, and for ISI to…