Israel Aircraft Industries may have to transfer projects worth tens of millions of dollars to Turkey, reports Ma'ariv.

IAI received deals from Turkey worth $1 billion, and is committed to carry out reciprocal acquisitions in Turkey worth tens of millions of dollars.

Israel has not carried out any reciprocal acquisitions in Turkey since collapse of a deal to import water from Turkey, and the bankruptcy of giant Turkish construction firm Ceylan, which built the hangar in the new Ben Gurion terminal project, Ben Gurion 2000.

IAI Vice President Marketing Shimon Eckhaus told the paper that should the project to acquire water from Turkey fail, IAI will have to transfer projects worth tens of millions of dollars to Turkey. He said that this could result in loss of jobs in Israel.