And we have very good relationships with the local industry. And the customer, the customer, the Minister of Defense is well aware of our technologies and capabilities. And with regard with regards to our new facilities, our new facility in the south in Ramat Beka will start being operational in June 2024. And we expect it to be fully operational in 2025. Our production facility in South Carolina will enter into production DCU 2023. And I think we talked about in another article kind of the one ERP system, we are invested a lot. In our One ERP Solution, the system that we are deploying right now will replace 11 different Elbit Systems that we’ll use in the in the company, and the final implementation stage will take place in DCU when we are going to implement the system in the old IMI in the IMI comp operation.
And this will be the final limitation phase, the rest of the company is already on the system. And we start seeing many benefits coming from coming from this new ERP solution.
Atinc Ozkan: Crystal clear.
Butzi Machlis: Thank you, Atine.
Operator: The next question is from Pete Skibitski of Alembic Global. Please go ahead.
Pete Skibitski: Yes, thanks, guys. Butzi you talked about increasing defense budgets around the world and how you’re spending, increased business development money to take advantage of those markets. And I think you are implying that R&D was kind of a part of that overall. And 2022 I think you spent the most on R&D in probably a decade and I know FX has an impact, etcetera. But kind of going forward, should we expect that R&D spend will remain elevated so that you can kind of take advantage of these of these very active markets over the next few years or have we reached a plateau there just was wondering if you had any color to add.
Butzi Machlis: We have as you know, we our strategy is to be leader, leader in the different markets. And for that we have to invest R&D. And we’re investing in several areas just to give you examples, high power lasers. We have the unique position in this market. We have a unique technology and we are providing the laser so visually, lenses, today’s really high power lens solution and we are a front from Israeli high power level, high power level. This is just one area where we invest and another some other areas guided munition. After the acquisition of IMI, we took a strategic decision to combine our guidance capabilities with the munition portfolio for IMI and today we have a new very advanced line of business which is very successful in Israel as well as abroad.
Another area where we’re investing quite a lot is autonomy. We see autonomy in AI and big data in these areas. We believe we are world leader and we would like to continue this investment. And this year, we have invested about 7.9% in R&D and percentage wise I don’t think we will increase the number in the future. And so that’s more or less the earlier where we will continue to invest in the future.
Pete Skibitski: Okay, thanks so much.
Butzi Machlis: Thanks Pete.
