There is also a question that has not been asked: Does IWI actually produce and own the rights to the ACE or does INDUMIL?
Of the little information there is on the ACE, some sources have claimed it is an INDUMIL design that is licensed from IWI. Remember that Colombia is the one fielding the new ACE and that all the footage available of the IWI-Israel facility indicates only the Tavor, Uzi and Jericho are in production. It could be (and highly likely in my opinion) that INDUMIL is contracted by IWI for sole production and IWI simply markets them.
Similar to how IMI/IWI manufactured the Desert Eagle but Magnum Research sold them.
Mr Folgers you bring up an excellent question. I did a bit of research through Colombian articles in Spanish and here is some of the information I was able to find.
IMI/IWI and Industrias Militares (INDUMIL) are partners according to the Colombian Ministry of defense. During the Colombian conflict IMI/INDUMIL joined forces due to restrictions of arms and spare parts. The Colombian government at this time saw the need for continuous supply of new materials, spare parts and weapons and allowed this partnership to develop. Around this time Israel decided to standardize to the Colt M-16 \15 (M-Family) so IMI gave up producing the Galil and transferred all Galil patents, technology and assembly equipment to INDUMIL.
What is interesting is that now that Denel no longer produces the R-Series rifle. INDUMIL has become the only producer of Galil's in the world. In fact the Peruvian FAME plant only assembles the Galil ACE with all the parts and components provided by INDUMIL. I can not find it right now but I understand that INDUMIL makes barrels for the Tavors but are stamped "made in Israel" for IWI purposes.
Here is a list of products that can be found made at the José María Córdoba Factory of the INDUMIL website. (Translated)
José María CórdobaFactory
In compliance with the company’s General Mission, this factory is dedicated to serve and support the Military Forces and National Police, the State security entities, private security firms, people in general, and foreign markets. In accordance to governmental policies, such as State development and economical aperture, the company has made efforts to present adequate products to the Defense Sector. Some of the most important ones are:
GALIL ACE rifle 5.56mm caliber (models 21, 22, and 23)
5,56 mm munitions. GALIL rifle 5,56 mm caliber.
9 mm Nato munitions. Indumil Llama revolver, 32L and 38L caliber.
Indumil 12 caliber Shotgun, in accordance to private surveillance and security sector requirements.
Spare parts to attend the maintenance needs of the G-3 and Galil Military Forces rifles.
7,65 mm munitions.
Aside from the previous elements, the factory has the capacity to produce munitions for 12, 16, and 20 caliber shotguns, 38L, 32L, 38 Wad Cutter, and 32 Wad Cutter caliber munitions for revolvers, and special cartridges for seismic and oil exploration. (End)
I still have a little more research to do and as soon as I find more I will post on it. Lou