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TEL AVIV, June 21 (Reuters) - Airbus Military and Israel Aerospace Industries (IAI) will jointly develop a new version of an early warning system for the Airbus Military C295 aircraft.
The two companies signed a memorandum of understanding at the Paris Air Show on Tuesday.
With this agreement, Airbus Military will expand its mission capability to the airborne early warning & command sector, while IAI's Elta will expand its AEW&C fleet to include a turboprop platform.
"We see a growing demand emerging for medium-size early warning systems and platforms at an affordable price for both air defence and homeland security," Airbus Military CEO Domingo Urena said.
The C295 is part of Airbus Military's family of light and medium airlifters.
Airbus Military, a subsidiary of Airbus, has sold more than 1,000 aircraft to military, civilian and governmental customers. (Reporting by Tova Cohen. Editing by Jane Merriman)