Press for Conversion! (Issue # 66) Spring 201240

about 3,000 cars – are Hyundai Ac-cents, manufactured at the...Izmitplant in western Turkey. The pretaxvalue of the export of these cars toIsrael is estimated at $22-25 million.”

The other tender was to “leasecars to IDF majors...through HyundaiMotors Israel Ltd., with its I20 model,”which are also made in Turkey. Globesestimated that the “value of the I20s thatwill be exported to Israel for deliveryto the IDF is [US]$6-8 million.”

In 2006, Globes reported that in“the first stage of a military contract”the IDF received “hundreds of Hyun-dai Getz and Mitsubishi Lancers.” (SeeHyundai Motors, p.40, and Mitsubishiin table, “CPP Investments,” p.53.)

ReferencesMain Productswww.rotem.co.kr/Eng/Business/Machine/Info/introduce.asp

Hyundai Rotemen.wikipedia.org/wiki/Hyundai_Rotem

Shipbuildingenglish.hhi.co.kr/business/shipbuilding.asp

“Hyundai to Open Research and DevelopmentCenter in Israel,” Globes, August 28 , 1997.www.globes.co.il/serveen/globes/docview.asp?did=350036

Daniel Schmil, “Hyundai pulls ahead of Mazdaas No. 1 car,” Haaretz Daily, May 4, 2011.www.haaretz.com/themarker/hyundai-pulls-ahead-of-mazda-as-no-1-car-1.354131

“Hyundai should make reciprocal procurementsin Israel,” March 2, 2005.www.globes.co.il/serveen/globes/docview.asp?did=889916

News, Hyundaiwww.moital.gov.il/NR/exeres/44429FAB-FFA9-42AE-94EB-D352B7C3BF23,frameless.htm

Dubi Ben-Gedalyahu, “IDF officers leasing dealworth $30m to Turkey,” Globes, June 23, 2010.www.globes.co.il/serveen/globes/docview.asp?did=1000568992

“Colmobil benefits from IDF deliveries in Janu-ary,” Globes, February 2, 2006.www.globes.co.il/serveen/globes/docview.asp?did=1000057515

sighting and ranging equipment, engineand fuel system components, and flightinstruments.

Its F-15 contracts, valued atUS$207.3 million, included the main-tenance and repair of weapons, and thesupply of weapons fire-control equip-ment, weapon system hardware, navi-gation, flight, engine and communica-tion instruments, electrical motors, andwheel and brake systems.

Honeywell’s F-16 contracts,amounting to US$233.7 million, werefor such products and services as gun-nery and bombing fire-control compo-nents, navigational and flight instru-ments, transmission equipment and en-gine components, electronic microcir-cuits, and maintenance and repair ofengine accessories.

ReferencesTop 100 Defense Contractors, Defense Newswww.defensenews.com

Top 100 Defense Contractors, Gov’t Executivewww.govexec.com

Pantex Planten.wikipedia.org/wiki/Pantex

2010 Form 10-K< Honeywell International, Inc.www.sec.gov/Archives/edgar/data/773840/000093041311000961/c63936_10-k.htm

Contracts to Honeywell, Inc.www.fedspending.org/fpds/search.php

Reaction Control Systemswww.honeywell.com/sites/portal?smap=aerospace&page=Missles_Munitions3&theme=T5&catID=C47E27B3A-58A6-A2E2-09FE-769AD775C886&id=HE116FC86-D68F-7C29-5773-DEE8021725CE&sel=8&c=n

Reaction Control Systemswww51.honeywell.com/aero/common/documents/myaerospacecatalog-documents/Missiles-Munitions/Reaction_Control_Systems_%28Tactical%29.pdf

Israel–Joint Direct Attack Munitions, June 1, 2004.www.dsca.mil/pressreleases/36-b/2004/israel_%2004-09.pdf

Israel – Various Munitions and Weapon Systems,August 3, 2007.www.dsca.mil/pressreleases/36-b/2007/Israel_07-32.pdf

Components Divisionwww.iai.co.il/sip_storage/FILES/1/35711.pdf

Lycoming LTS101en.wikipedia.org/wiki/Honeywell_LTS101

References to Honeywell in IAI websitewww.iai.co.il/35439-en/BusinessAreas.aspx?PageNum=1&SearchText=honeywell&Group=0&Unit=0

Martin Broek, Ali Abunimah and Carlo Tom-bola and Wendela de Vries, “European andAmerican weapons in Israeli attack on Gaza Flo-tilla,” June 15, 2010.stopwapenhandel.org/publicaties/factsheets/israel_flotilla_attack.html

Government Contracts USA Defense Dep’twww.governmentcontractswon.com

HyundaiHyundaiHyundaiHyundaiHyundaiMotMotMotMotMotor Co.or Co.or Co.or Co.or Co.

To most, Hyundai – which means“modernity” in Korean – prob-ably conjures up images of fuel-

efficient compact cars. Indeed, one ofthe company’s main divisions, the Hy-undai Motor Co. (HMC), is the world’sfourth largest car manufacturer.

But an HMC subsidiary –originally called Koros – churnsout fuel-guzzling battle tanks, ar-moured troop carriers and tank-gunnery trainers. Koros, whichmade trains, is an acronym forKorea Rolling Stock. However,in Japanese, the word korosumeans “to kill.” Although thiswas quite apt, the Koros namewas changed to Rotem in 2002.

In 1997, Hyundai defiedthe Arab boycott and set up anIsraeli R&D centre. HMC cars are nowIsrael’s most popular, surpassing com-petitors Mazda and Mitsubishi. (See ta-ble, “CPP Investments,” p.53.)

Because HMC has received lu-crative contracts from Israel’s military,it is obliged to reciprocate with invest-ments in the country. The government’sIndustrial Cooperation Authority said:

“HMC is committed to about $16 mil-lion worth of Industrial Cooperationactivities to be carried out with Isra-el’s high-tech and automotive indus-tries. The commitment stems, amongothers from the sale of Hyundai ve-hicles to Israel’s Ministry of Defense,and the Government Vehicle Admin-istration, which totalled since 2004up to 2010, 8,000 vehicles.”

Israel’s Globes newspaper re-ported on two large 2010 contracts wonby HMC to supply vehicles to officersof the Israel Defense Forces (IDF).These deals totalled between US$28and $33 million. Globes noted that

“most leased cars that will be sup-plied to IDF lieutenant colonels –

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