![](https://www.israelandstuff.com/wp-content/uploads/2018/03/UZI-submachine-gun-Wikimedia-150x150.png)
Elbit Systems plans to relocate the IMI facilities from central Israel to the southern Negev, a move that would allow real estate development in central Israel and broaden the economic development in the Negev.
By i24NEWS – AFP
Israel is selling state-owned IMI Systems, maker of the Uzi sub-machine gun, to defense company Elbit Systems for more than half a billion dollars, the finance ministry said on Sunday.
The government began the process of privatizing IMI Systems, formerly known as Israel Military Industries, in 2013.
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IMl’s UZI PRO 9mm automatic pistol – Photo: gar2chan/Wikimedia
The firm is the manufacturer of the legendary Uzi sub-machine gun [top photo] and the Galil assault rifle. Continue Reading »