The Land Rover Company of America (LRCA) announced that its Q3 lease will begin in Israel on April 1.
LRCA said that it expects to have a lease agreement signed in June and is currently negotiating with the Israel Land Administration (ILA) on a number of key details.
“We are committed to making this investment here in Israel and are excited to announce that we have entered into an agreement with the ILA, which will give us access to the Israeli military-owned RVs, including the range rover, as well as other vehicles,” LRCa Chief Operating Officer Mark Schmitt said in a statement.
The ILA did not immediately respond to The Jerusalem Times’ request for comment.
The company has been working with Israel to lease its RVs since it began leasing the vehicles in 2016.
The initial contract for the first wave of lease sales included six vehicles, which were leased for a total of 30,000 square meters.
However, LRCAs Q1 lease in 2018 included four vehicles and included an option to extend the lease to 30,500 square meters of land.LRCAs RVs have also been seen in the field in Israel.
In January 2018, the company was seen driving through the desert, and its RV, which had been modified to take on Israeli soldiers, was spotted by a photographer who took a picture of it.
The photo went viral on social media, and the company subsequently announced that it had sold one of its vehicles to the IDF.
In a separate development, Israeli defense contractor Tishsana signed a contract to purchase the Range Rover for a price tag of $3.6 billion.
According to the contract, Tishssana will pay the IDF a $1.4 billion cash payment over the life of the contract and will acquire and operate four RVs.
The first RV will be purchased in 2021.
The purchase price is a significant premium compared to the RVs the company previously leased from the IDF, which are worth around $3 million each.
However the IDF has since stopped leasing RVs to foreign governments, citing security concerns.
The company has yet to comment on the sale.