(Changes sourcing, adds details)
LONDON Feb 16 Israel has chosen
Finmeccanica's Alenia Aermacchi unit to supply 30
M-346 Master training jets for $1 billion, the Israeli defence
ministry said on Thursday.
Israel selected Finmeccanica over Korean Aerospace
Industries, Major General Udi Shani, director general of the
Israeli Defence Ministry, said in a statement.
Finmeccanica shares were up 1.1 percent at 1515 GMT,
outperforming Italy's benchmark index, which was down
As part of the agreement the Italian government will make
$1 billion worth of "offset" purchases from Israel's defence
industries, Shani said.
A spokesman for the Italian defence ministry was not
immediately available to comment.
(Reporting By Paolo Biondi; Writing by Steve Scherer; Editing
by Greg Mahlich)