Israeli Firm Wins $2.2 Billion Contract for Security at 2016 Olympics

The Olympic Committee and the 2016 Rio de Janeiro Olympiad have selected Israeli security company ISDS to provide security for the event with a $2.2 billion budget, Israel Defense reported.

ISDS will be responsible for consultation and supply services to protect the Olympics, the world’s largest sporting event.

"We already have teams operating in Brazil, and unofficially operated there during the World Cup last summer,” said ISDS vice president Ron Shafran.

“Since it was announced that Brazil would host the Olympic Games, we have greatly expanded our activity in the country,” he added. “Our teams are already preparing for the Olympics, designing our security concept and building technological systems to be installed at the various facilities where the competitions will take place in Rio and four other regions around the country. The games will begin on August 5, 2016, and will continue until December 2016, including the special Olympics."

He said ISDS will “bring the right technologies from Israel and the rest of the world. We'll also include small and medium-sized Israeli companies - ones with big solutions….

“This whole business will be an incubator for Israeli technologies and solutions in these areas.”