Aeronautics Set to Buy a US Defense Company
The acquisition would allow the Israeli company to undertake orders using US military aid
IsraelDefense
| 19/07/2017
Aeronautics' Orbiter 4 UAV (Photo: Aeronautics)
Israeli unmanned systems developer Aeronautics has notified the Tel Aviv Stock Exchange (TASE) that it is set to buy a US defense company for $6 million. The two companies are currently holding talks, and if all goes according to plan, the Israeli company will seal the deal by the end of September.
Acquiring a US company will provide Aeronautics with a platform to consolidate its operations in the US and allow it to undertake orders paid for US military aid, as do other Israeli defense industries such as Elbit Systems and IAI.
Aeronautics provides intelligence solutions based on unmanned systems with a variety of UAVs having diverse configurations and capabilities, electro-optical systems, sensor and communications systems, observatory balloons, and drones.
Aeronautics has a number of subsidiaries: RT (observatory balloons), PoziDrone (drones), Controp (observation systems, lenses, and electro-optics), Commtact (communications and encryption solutions), and Zanzottera (UAV engines). Aeronautics also manufactures UAVs, and the subsidiaries make components and supplementary products for its business, so that the entire supply chain is within the group, with no dependence on external parties.
[Source: Globes]
The acquisition would allow the Israeli company to undertake orders using US military aid
Aeronautics' Orbiter 4 UAV (Photo: Aeronautics)
Israeli unmanned systems developer Aeronautics has notified the Tel Aviv Stock Exchange (TASE) that it is set to buy a US defense company for $6 million. The two companies are currently holding talks, and if all goes according to plan, the Israeli company will seal the deal by the end of September.
Acquiring a US company will provide Aeronautics with a platform to consolidate its operations in the US and allow it to undertake orders paid for US military aid, as do other Israeli defense industries such as Elbit Systems and IAI.
Aeronautics provides intelligence solutions based on unmanned systems with a variety of UAVs having diverse configurations and capabilities, electro-optical systems, sensor and communications systems, observatory balloons, and drones.
Aeronautics has a number of subsidiaries: RT (observatory balloons), PoziDrone (drones), Controp (observation systems, lenses, and electro-optics), Commtact (communications and encryption solutions), and Zanzottera (UAV engines). Aeronautics also manufactures UAVs, and the subsidiaries make components and supplementary products for its business, so that the entire supply chain is within the group, with no dependence on external parties.
[Source: Globes]
