Italy-Israel to clinch $1B training jet deal
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Italy and Israel will announce later on Thursday a $1 billion deal in which Israel will buy 30 M-346 Master training jets from defense group Finmeccanica's Alenia Aermacchi unit, a source familiar with the situation told Reuters.
Israel had chosen Finmeccanica in February as its supplier in the deal. As part of the agreement the Italian government will make $1 billion worth of "offset" purchases from Israel's defense industries, Israel said at the time. (Reuters)
