Israel Aerospace Industries (IAI), the nation’s largest aerospace and defense company, says it has signed a memorandum of understanding with Morocco’s Ministry of Industry and Trade to promote cooperation in the fields of investment and technology.
“The MOU we are signing today is an additional step in creating a new partnership between IAI and the aviation and space industries in Morocco. I am familiar with the incredible potential that exists in Morocco, and this is just the beginning,” says Amir Peretz, chairman of the IAI board of directors.
“Together, we will build joint teams that will turn our vision into reality. Today, I am filled with pride that my country, Israel, is coming together with the country I was born in, Morocco,” Peretz adds.
IAI’s president and CEO, Boaz Levy, says the MOU is “another expression of the deep partnership between the two countries and will help promote joint and commercial projects in the aviation industry.”
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