The new OPV is based on the SAAR 4 and SAAR 4.5 ships in service with the Israel Navy.
Cyberbit's defense business is being transferred to the parent company.
The company has received orders totaling over $5 million to provide security solutions for correctional facilities.
The system was supplied by Mexico’s Balam Security.
Bet Shemesh Engines' revenue under the agreement first signed last December will rise by $530 million to $640 million.
The branch will be in the Advanced Technologies Park adjacent to Ben-Gurion University of the Negev.
HAROP is equipped with tactical UAV capabilities, and high performance seeker with 360° coverage.
Iron Dome, developed by Israel's Rafael, will compete against other short-range rocket defense systems in a trial this month.
A stealth tank, unmanned submarine and sniper drone that can carry a 90-kilogram payload are among the new systems developed by the Ministry of Defense.
The company admits that its own investigation into the deal for the sale of submarines and ships to Israel was "limited in capacity."