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Space

Israel Aerospace Industries Ltd.

Itzhak Nissan, Israel Aerospace Industries' President & CEO: "Signing the AMOS 4 Communications Satellite Contract Strengthens Our Status as a Leading Satellite Manufacturer and as Israel's Prime Space Programs Contractor"

Jul 10, 2007

Israel Aerospace Industries will develop, manufacture and launch the AMOS 4 Communication Satellite for Spacecom Ltd.

On July 8, 2007, Israel Aerospace Industries (IAI) has signed a contract with Space Communication Ltd. (Spacecom), a company in which IAI holds approximately 20.5 percent of issued capital, and with the Government of Israel. Spacecom provides broadcasting and communications services to TV broadcasters and programmers, DBS operators, government organizations, private VSAT networks and others. Spacecom is a public company traded on the Tel-Aviv stock exchange. Its major shareholders are Eurocom, IAI, General Satellite Services Co. (GSSC) and Mer Services Group.

A set of agreements was signed between the parties, for the acquisition of the AMOS 4 Communications Satellite. Under the agreements signed, additional topics referring to the activation of AMOS 4, financial issues and other subjects were arranged.

As agreed, IAI will develop and manufacture the AMOS 4 satellite and will deliver it to Spacecom after its placement in its orbital slot in space, at the third quarter of 2012, subsequent to the end of testing phase in orbit. The satellite's life cycle is planned to be approximately 12 years.
Spacecom will pay IAI a sum of approximately $365 million for the satellite.

IAI's President & CEO, Itzhak Nissan, said that: "Signing the AMOS 4 Communications Satellite contract strengthens our status as a leading satellite manufacturer and as Israel's prime space programs contractor. There is continuity between AMOS 3 and AMOS 4 satellites. Signing this project will accelerate the development of space technologies at IAI, in Israel and abroad."

The satellite's weight at launch will be approximately 3.4 tons. AMOS 4 will carry a large number of transponders in high power Ka and Ku bands. AMOS 4 will be launched into a Geo-Stationary orbit, to a different location than AMOS 1, 2 and 3 satellites. These satellites are situated at 4 degrees west on the Equator, and allow Spacecom to supply communications services to the Middle-East, central Europe and the United States.

AMOS 4 Communication Satellite will be situated in space between 64 degrees east to 76 degrees east, in a manner that will allow for providing service to a wider array of customers, in higher qualities and wider areas of coverage, including in Asia.

The signing of AMOS 4 contract came following the successful launch of the OFEK 7 Observation Satellite on June 11, 2007. IAI's OFEK family of satellites conducts high resolution observation tasks for national needs. IAI also manufactures the EROS family of commercial observation satellites. EROS A and EROS B satellites are already in space, providing quality images in short time intervals.

IAI has presented at the last Paris Air Show (June 2007) a mockup of a new Synthetic Aperture Radar (SAR) observation satellite, dubbed TecSAR, that is capable of working under any weather conditions, day and night. This satellite is considered a technological breakthrough and will add intelligence capabilities that the current electro-optical technology can not supply. IAI has recently signed an agreement with Northrop Grumman Company to supply such satellites to the American Government, for intelligence, surveillance and reconnaissance missions.

At the recent Paris Air Show, IAI has also exposed the OptSat 3000 – an advanced high-resolution optical observation satellite, which is under development.

In addition, IAI operates today six operational satellites through three ground control stations. In the last years, the State of Israel's space industry, under the leadership of IAI, has made a breakthrough, and in the next five years, it is scheduled to build and launch some nine satellites, from different types, into space.

Israel Aerospace Industries, Ltd. (IAI), formerly known as Israel Aircraft Industries, is Israel's largest industrial exporter and a globally recognized leader for the defense and commercial markets. IAI provides unique and cost-effective technological solutions for a broad spectrum of needs in space, air, land, sea and homeland defense, including: maintenance and conversion of commercial aircraft, unmanned air and ground vehicles, radars, secure communications, AEW, EW, ELINT/ESM, SIGINT and COMINT/COMJAM, air-to-air refueling, upgrading of military aircraft and helicopters, Anti-Tactical Ballistic Missiles (ATBM), optronic payloads, navigation, smart weapons, missiles, commercial satellites and launchers, mine detection, clearing and breaching systems and many other core technologies, products and services.

IAI's sales for 2006 total $2.8 billion. The company has achieved a net profit of $130 million for 2006 and $7.2 billion in backlog of orders.

For further information, please contact:

Doron Suslik
Deputy Corporate Vice President for Communications
Tel: 972 (3) 935-8509
Fax: 972 (3) 935-8512
Email: hpaz@iai.co.il



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