Wednesday, February 1, 2012
8:34 PM ASIAN DEFENCE No comments
Israel Military Industries Ltd. (IMI) is deeply worried about the future of the Merkava Mark IV tank, which is wholly manufactured in Israel under the auspices of the Ministry of Defense's Tank Development Administration. The ministry has halted orders for components from scores of companies.
"The answer we get from the Defense Ministry is that the program has been budgeted for 2012. This is a NIS 1.1 billion a year program. If there's no budget, scores of factories in the periphery will close and at least 1,500-2,000 people will lose their jobs," a top manufacturer told.