IAI loses $1.5b South Korea AWACS tender IAI unit Elta Systems was disqualified because it lacked US export licenses for key systems. Ron Paz 3 Aug 06 17:27 Israel Aircraft Industries Ltd. (IAI) and its Elta Systems Group subsidiary have suffered a heavy blow. The South Korean Ministry of Defense has disqualified Elta’s proposal to supply four AWACS plans, worth $1.5 billion. The decision leaves Boeing (NYSE:BA) as the sole proposal in the tender, and brings to an end the year-long prestigious head-to-head confrontation. The decision was taken during a meeting of the South Korean Defense Acquisition Program Administration (DAPA)...