Czech company RETIA signed a cooperation agreement with the Israeli company ELTA, a subsidiary of IAI, according to a report on zpravy.e15.cz. According to another report on armadninoviny.cz, the agreement was signed with the presence of the Prime Minister of the Czech Republic Bohuslav Sobotka and RETIA CEO Petr Nová, during a recent visit in Israel.
As part of the cooperation, the two companies will jointly develop and manufacture radar systems for the Czech army, customers in Europe and possibly other countries. RETIA is also very active in the Asian market. According to the report, "ELTA's radar AD-STAR ELM-2288MR was sold to a number of clients in America, Africa and Asia and is about to fully meet the technical requirements of the Ministry of Defence of the Czech Republic", said the PR Agency of RETIA, PP Partners.
RETIA is a Czech company specializing in the development of radar systems, defense electronics and recording systems. It provides products to the Czech army (ReVISOR radar/ ReVEAL System), NATO, and the armies of NATO member countries. Its products are sold to 40 countries. The company's net profit last year was over US $26 million.
The company was also a partner in the NATO AGS Programme. This is a NATO program to acquire an airborne ground surveillance capability, based on ground stations, advanced radars and HALE UAVs, which provide the Alliance with a complementary layer of intelligence.