Jerusalem (JPFS) — Israel Air-
craft Industries has signed con-
tracts to develop communications
for two Eastern European coun-
tries, executives said.
In one deal, lAl's electronics di-
vision won a contract to develop a
modern communications system
in the Pila region of northwest
Poland. Executives said the con-
tract is with a European consor-
tium for which IAI will plan for
optical cables, as well as data re-
lay and broadcast stations.
IAI also signed a contract with
Hungary for the development of a
commercial communications satel-
lite. IAI director Moshe Keret said
the signing was the firm's first
achievement in entering the world
satellite market after years of de-
velopment. Keret expressed hope
that local communications satel-
lite Amos will be launched in the
WHEN You INVEST
PROCESS THAT WILL
INVOLVE SEVERAL STEPS.
BUT NONE ARE
BIGGER THAN THE
ONE YOU TAKE
DAN I. BARISH
REGIONAL SALES MANAGER
For most people. investing is one of the biggest
financial steps theyll ever lake. So its important that you get
the best advice you can. as early as you can, on just how to
and total liquidity!
$10,000 minimum to open
Securities goes out of their way to help, beginning with
meeting you on your schedule, not ours. So call Dan at
(810) 948-2902. You'll gel off on the right Foot.
and an aRiliale of Comerica
WE Lis I LN.WE UNDERSTAND
WE MAKE IT WORK:.
Comerica Securities is a Broker-Dealer. member
Bloomfield Hills (810) 258-5300
Farmington Hills (810) 737-0444
'Annual percentage yields are effective 12/31/95 and are subject to change without notice.
Interest is tiered based on balance as follows: $10,000 and more earns 5.0% APY, $1.000.$9.999 earns 227% APY and below
$1.000 earns no interest. "Interest-bearing checking minimum to open and earn interest is $1000. Fees could reduce earnings.
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INTRODUCING THE CHAT PAK:
Jerusalem (JPFS) — Jerusalem-
based Encotone announced it has
received an order from Spanish
bank La Caixa for 500 units of its
TelelD acoustic identification and
authentication device. This initial
order will be used in the first stage
of La Caixa's computer-banking
service. The second stage will ex-
tend the system to all computer-
banking customers, about 50,000
Once a phone-banking service
is put into operation, customers
will be able to conduct transactions
by phone. La Caixa is expected to
equip 500,000 customers with
TeleID units over the next three
DIAMOND INVESTMENT ACCOUNT
handle things. That why Dan and everyone at Comerica
Jerusalem (JPFS)—Agan Chem-
icals and Makhteshim Chemical
Works announced they will pur-
chase a 49 percent stake in Her-
bitechnica, a Brazilian pesticide
distributorship, for $20 million.
Makhteshim owns 47 ofAgan's
outstanding capital share. Her-
bitechnica's turnover in 1995 was
$60 million, with turnover this
year expected to increase to $80
Through subsidiaries, Agan
and Makhteshim will purchase 49
percent of the distributorship, in
equal parts, from its present
shareholders in return for a $20
million cash payment.
If 1995-1996 profits rise more
than $12 million, the partners will
pay an additional sum of not more
than $2.45 million.
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