The
satellite, to be called Dror-1, is supposed to operate for 15
years, handling Israel's satellite communication needs, and will
be built mostly from locally-developed technology. The company
did not disclose financial details.
"The government's decision was made from the understanding that
this is a vital capability of the state of Israel and it
requires ensuring complete independence in the field, while
preserving the knowledge and expertise accumulated over the
years in Israel," IAI said in a statement.
(Reporting by Ari Rabinovitch; Editing by Tova Cohen)
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