Although sales are soaring, two of Israel’s leading defense companies are undergoing unsettling personnel changes: Israel Aerospace Industries’ (IAI’s) CEO for the last six years, Itzhak Nissan, is being forced to retire, and Aeronautics Defense Systems’ CEO and founder Avi Leumi will also depart his position in the coming weeks. Just two days after announcing the inking of a $1.6 billion contract with an undisclosed Asian customer, IAI’s largest contract ever, Nissan was forced to ...
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