Archived Isreal's state-owned Rafael Advanced Defence Systems buys out Aeronautics (drone-maker) (reuters.com)
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Archived Isreal's state-owned Rafael Advanced Defence Systems buys out Aeronautics (drone-maker) (reuters.com)
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[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.ph/vFpVr :
'JERUSALEM (Reuters) - Israel’s state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics (ARCS.TA) for 850 million shekels ($232 million). '
'Aeronautics manufactures unmanned aerial vehicles for military surveillance and defense purposes, as well as for the commercial sector. '
'Aeronautics rejected a 430 million shekel offer from Rafael and Stolero last August. '
'The news sent shares of Aeronautics up 37 percent in morning trade in Tel Aviv on Sunday. '
'Earlier this month, state-owned Israel Aerospace Industries [ISRAI.UL] said it was in early talks to invest in Aeronautics. '
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