JERUSALEM (Reuters) - Israel Aerospace Industries (IAI) [ISRAI.UL] said on Wednesday its U.S. unit opened a new government relations office in Washington DC as part of its strategy to secure more U.S. contracts.
Government-owned IAI, which will open a new headquarters in Herndon, Virginia later this year, said it was actively looking to acquire U.S. companies to establish a stronger U.S. presence.
IAI said having a presence in Washington is critical to helping it grow in the U.S. market by strengthening its ties to Congress, the White House and local industry.
It said it already has partnerships with Lockheed Martin, Boeing, Honeywell, Gulfstream and General Dynamics and that it was seeking more collaborations.
“IAI North America is executing a strategic growth plan that includes M&A and organic growth ... and will necessitate an expanded U.S. manufacturing footprint in the world’s largest defense market,” said Swami Iyer, CEO of IAI North America.
Reporting by Steven Scheer; Editing by Tova Cohen