Israeli Tech Firm to Design Security for Vietnam's New International Airport
Israeli tech firm CodeValue will design security for Vietnam's new airport, while Rafael's German subsidiary secured a Finnish missile contract.
Israeli technology companies are expanding their global footprint, driven by growing defense investments in the Far East and strategic operations through European subsidiaries. CodeValue, a subsidiary of the SpeedValue group traded on the Tel Aviv Stock Exchange, has secured a landmark tender to lead the physical security design for the new Gia Binh International Airport in Bac Ninh province, near Hanoi, Vietnam. Founded in 2010 by Tali Shem-Tov, CodeValue specializes in software engineering, artificial intelligence, cloud solutions, cyber, and digital transformation. Under the agreement, the Israeli firm will serve as the chief professional consultant for physical security, overseeing threat assessment, system architecture, operational requirements, and tender management.
The new airport is designed to integrate commercial aviation, cargo operations, and international delegations, with an estimated capacity of 30 million passengers and 1.6 million tons of cargo annually by 2030, scaling to 50 million passengers by 2050. According to the Vietnamese government, total capital expenditure for the infrastructure project is estimated at 7.5 billion dollars. "The challenge in this project is not merely identifying threats, but designing a system capable of integrating various technological platforms, analyzing massive data flows in real time, and enabling rapid response without disrupting millions of travelers," said Tali Shem-Tov, CEO of CodeValue.
Simultaneously, Israeli defense industries continue to leverage European subsidiaries to secure major international contracts. Dynamit Nobel, the German subsidiary of Rafael Advanced Defense Systems, has won an 84.5 million euro pre-tax contract to supply RGW110 anti-tank missiles to Finland, which shares a border with Russia. The RGW110, featuring a 110 mm caliber, is an advanced derivative of the RGW90 system, known within the IDF as the Matador. This agreement underscores the deepening defense ties between Israel and Helsinki, which previously acquired Rafael's David's Sling air defense system for approximately 317 million euros in November 2023.
European presence provides crucial access to European Union initiatives and NATO procurement frameworks, including the SAFE program, which finances up to 150 billion euros in defense transactions conditional on 65 percent local sourcing from EU member states or Ukraine. Meanwhile, broader defense spending targets are shifting globally. Following US President Donald Trump's push for a 5 percent GDP defense benchmark by 2035, the United Kingdom has established an interim target of allocating 3 percent of GDP to defense by 2030, up from 2.4 percent last year. British officials noted that while defense budgets will face domestic trade-offs, the UK plans to reach 3.5 percent of GDP by 2035, implementing new task forces and a 5 billion pound sovereign wealth fund investment over the next four years.
