Philippine private companies and Israeli companies have signed a total of 21 business agreements during President Rodrigo Duterte’s visit to Israel. Of 21 agreements, seven are related to national defense and security, and cybersecurity.
First, Memorandum of Agreement (MOA) between Stone of David Corporation and Gaia Automotive Industries Ltd. for cooperation on the marketing and promotion of tactical vehicles, including technology transfer.
Second, MOA between Stone of David Corporation and MCTECH RF Technologies Ltd. for cooperation on the development of military and intelligence products and hardware.
Third, Memorandum of Understanding (MOU) between Integrated Computer Systems, Inc. and Verint Systems Ltd. for exploration of mutually beneficial opportunities for collaboration on security, intelligence data mining, and information technology.
Fourth, MOU between Armscor Global Defense, Inc. and EMTAN Karmiel Ltd. to transfer know-how and technology of EMTAN to Armscor to enable the latter to create a local manufacturing facility for the manufacture of weapons in the Philippines, under license from EMTAN. This project has an estimated cost of US $10 million and is projected to generate 200 jobs.
Fifth, MOU between KEREM IT Solutions and Carbyne Ltd. to allow the local partner to promote and sell the other party’s products.
Sixth, MOU between KEREM IT Solutions and SuperCom to allow the local partner to promote and sell the other party’s products.
Seventh, Letter of Intent (LOI) of Silver Shadow Advanced Security Systems and Rayo Illuminar Corporation to explore opportunities in the manufacturing and refurbishment of small arms and ammunition, together with the local partner, Rayo Illuminar Corporation. This project is estimated to cost US$50 million and is expected to create 160 jobs by 2019.