Free Republic

India rejects IAI demands for large Phalcon down payment Source: The down payment is designed to protect IAI from political pressures, like the ones that forced the cancellation of the Phalcon deal with China. Dror Marom 23 Oct 03 16:37 Sources inform “Globes” that signing the commercial deal for the sale of three Phalcon AWACs planes to India is being delayed, due to Israel Aircraft Industries' (IAI) demand for a exceptionally large down payment. Ministry of Defense director-general Amos Yaron signed a political agreement in principle in New Delhi several weeks ago to sell the planes. The current negotiations are...

“Decisive” meeting on defense cuts to continue Finance Ministry insists on NIS 5.5 billion in defense budget cuts. Defense Minister Shaul Mofaz is opposed. Zeev Klein 10 Mar 03 16:57Prime Minister Ariel Sharon convened a meeting to discuss the Ministry of Finance’s demand for a deep cut in the defense budget. The meeting, attended by Minister of Finance Benjamin Netanyahu and Minister of Defense Shaul Mofaz, ended without results. It was agreed that Minister without portfolio Meir Sheetrit would meet Ministry of Defense director general Amos Yaron and other defense establishment officials tonight to try to resolve matters. It was...