The Springfield company designs, builds and repairs metal stamping dies, tools, fixtures and machines.
Every year, the Israeli Ministry of Defense buys more than $3 billion of products, in aerospace, software, advanced manufacturing and other areas, with an agreement between the United States and Israel requiring the latter nation to spend more than $2 billion with American companies.
The Dayton Region Israel Trade Alliance (DRITA) shared information with about these opportunities with regional businesses during a Zoom call last week.
DRITA reached out to manufacturers in the Dayton region, and Tool Tech responded, Matt McGreevy, chief operating officer of Springfield’s Tool Tech LLC, said. “I looked at it and began the process of learning more. Over a period of months, one thing led to another," he said.
He declined to identify the components his business will make for Ashot, but he put the value of the contract at about $230,000, enough to “solidify” the continued employment of his workforce of 28 people and lead to the hiring of another worker, he said.
“Without the DRITA connection, there would no connection," McGreevy said. "They opened our eyes to it.”
Israeli defense partners need more than parts producers, he said.
“There’s probably more than component parts manufacturing, stuff that’s right up our alley," McGreevy said. "There are probably software, security. There are probably all types of things. I would strongly encourage any manufacturer in this area to pay attention and invest some time and energy to pursuing those opportunities.”
Ashot is a subsidiary of Israel Military Industries Ltd and describes itself as a supplier of “technologically advanced systems and components for the international aerospace, defense, automotive and other industries.”
Hadas Bar-Or, DRITA’s representative in Israel, said the door to greater trade is open. “Israel loves to collaborate with American companies because America is actually Israel’s largest export market," she said.
And for a small nation, it’s actually a “considerable market” when it comes to defense, she said. There are opportunities in medical technology, IT, unmanned aerial systems and other areas. DRITA can help Ohio companies find a “partner” who needs a U.S.-produced product or service.
Boris Manevitch, of the Israeli Ministry of Defense, said in the webinar that a percentage of Israel’s defense budget is devoted to business with foreign suppliers. The ministry buys everything from aircraft, automobiles, raw materials, chemicals, tanks and much more.
“We even purchase socks, if we can find specific socks,” he said.
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