Israel Aerospace Industries establishes representative office in Mexico

Israel Aerospace Industries (IAI) has reported the establishment of its new representative office in Mexico. The event was marked in an opening ceremony with the participation of the Israeli Ambassador, Mr. Jonathan Peled, and local representatives. Mexico’s security arms imports grew by almost 200% between 2012 and 2016, placing the country as the 2nd largest importer of defense systems in Latin America during this period. Mexico’s defense budget is approximately US$6bn per annum, of which about 10% are earmarked for the acquisition of defense systems.