Butzi Machlis: You know, it’s an ongoing process that we have in the company to explore the portfolio we have to make sure that we have the right portfolio to add more capabilities based on M&A opportunities and to get out from some businesses which are less relevant and course this will focus us anymore. And so, we see many opportunities for the company in the near future and in the medium future. And not just in Israel, also in many other places. And we have — we have a process, and this process is taking place. We made very good acquisitions in the US few years back, and I was very happy to hear yesterday, as I mentioned earlier that Night Vision were awarded the unit contracts in the US to provide nice vision equipment to the quarter.
And that’s a very good example for an acquisition we made. So, we continue to look for opportunities to make additional acquisition and maybe to go out from some of the businesses we have, which are less relevant. IMI is very — is another very good example. As you all remember, we acquired IMI in 2018 and today is a complete different company and we combined all many elements from Elbit into the Land division. IMI is just one of them. We combined our [indiscernible] and we combined the — use central accents into that division as well and guidance capabilities, which came from another part of the organization. So together, we have a very vertical strong organization, which provides many types of guided munition not just to Israel, also to many other customers, and we see huge potential for that.
So that’s another example of a good acquisition we made in the past. So, we continue to explore the portfolio, we continue to look for opportunities, and we adjust the company accordingly.
Ella Fried: Okay. Are you mainly looking outside Israel or you seem to have both everything that is interesting locally?
Butzi Machlis: We are talking about acquisition. When we are talking about acquisition, we usually look for two elements. One is new technologies, which we still miss, Rokar, which we acquired from BAE is a very good example for that. It was a relatively small acquisition, but this acquisition brought us technology we didn’t have, which is elected to immune GPS technology. So this is one type of — this is one type of acquisition. We are looking for another one. New market provisions in new markets like the acquisition we made of Night Vision in the US, which brought us into new technology as well as to new markets, which we didn’t have before. So this is the results to acquisitions, but we’re also continuously looking also to make sure that we have the right portfolio. The company has grown a lot definitely and we need to also to look inside and to see whether we have some capabilities which are less relevant for acquisition [ph].
Q – Ella Fried: Okay. Well, and I have another question, which is more, I think, related to Kobi. Is the high percentage of people who are — mobilization among the workforce is going to have a positive impact on the profitability of the quarter from where you can see it now.
Kobi Kagan: First, Ella. Hi, Ella.
Q – Ella Fried: Hi.
Kobi Kagan: Thank you for your kind words since the beginning. We really appreciate your kind words. Regarding the mobilization, we have currently 15% of our workforce in Israel, which is approximately 2,000 employees, which we are very proud at serving our country in these difficult times. And of course, that level creates some kind of a disruption, which — but addressed in the previous remarks as we are hiring temporary employees, even referred to some retired employees that came back very happily to support the effort. So I’m — we don’t think this is — of course, it’s not a financial contribution. And if you miss, we — of course, we didn’t decide who are the 2,000 employees that were mobilized — so part of those are from the production, part of engineering So….
Q – Ella Fried: Overall, it is not contributing financially.
Kobi Kagan: It would not be a contribution, of course, it’s not a contribution. We try to support this mobilization by actually recruiting the hundreds of employees. But of course, this would not be a supportive or financially positive events in this quarter.
Q – Ella Fried: Okay. Thank you very much for answering my questions.
Butzi Machlis: Thank you, Ella.
Kobi Kagan: Thank you, Ella.
Operator: The next question is from Shahar Cohen [ph] of Yosi Capital [ph].
Unidentified Analyst: Hi, guys. Did you get any more clarity about the long-term projects within Israeli. And b, sales that are going to the Israel Defense Forces are registered within the Israeli segment or those could be — if it goes through the American facility that goes to the US in your report and C, if you can speak about the potential of Sayyad in other markets given the successful implementation and proven battlefield results we see with, that that would be great.
