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Israel Aerospace Industries Hunts for U.S. Acquisitions


(Financial Times-UK) John Reed - Israel Aerospace Industries (IAI) plans to expand its U.S. operations in the wake of America's $38 billion, 10-year, military aid package for Israel which gives preference to U.S. manufacturers, IAI CEO Joseph Weiss said in an interview. IAI already has a subsidiary in Maryland, Elta Systems, which makes radar systems. Stark Aerospace, based in Mississippi, makes unmanned aerial vehicles, electro-optics, and radar equipment for the Israeli group. "IAI want to produce in the U.S. products whose final destination is the Israel Defense Forces," said Amir Rappoport, publisher of Israel Defense.
2017-08-16 00:00:00
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