Sun. Dec 3rd, 2023
Israel Aerospace Industries and Azercosmos Cooperate on Sale of Advanced Satellites

Israel Aerospace Industries (IAI) and Azercosmos, the space agency of Azerbaijan, have announced a cooperation agreement for the sale of two advanced satellites from IAI. Although the specific satellite models have not been disclosed, reports suggest that they are the OptSat500 reconnaissance satellites. These satellites have a native resolution of better than 0.5 meters and offer a long life span and high imaging performance.

The deal, valued at $120 million according to local sources in Azerbaijan, also includes the provision of technology and knowledge by IAI for the construction and operation of the satellites. Moreover, the agreement encompasses a long-term business partnership between IAI and Azercosmos.

As part of this partnership, innovation and entrepreneurship centers in the field of space will be established in Azerbaijan. Additionally, academic and study programs in the field of space will be developed, along with the establishment of a joint business center.

IAI President and CEO, Boaz Levy, expressed his enthusiasm for the collaboration, stating that their commitment to innovation and exploration drives them to partner with leading experts in the global space community. Levy believes that the collaboration with Azerbaijan will push IAI to new heights.

Samaddin Asadov, Chairman of the Board of Azercosmos, emphasized the significance of this project for both organizations. He believes that the cooperation will not only contribute to the development of space cooperation between Azerbaijan and Israel but also advance human capital and space technologies in Azerbaijan.

The sale of these advanced satellites marks a notable achievement for both Israel Aerospace Industries and Azercosmos, as they work together to shape the future of space observation and exploration.