Tag Archive for Uzi

Elbit acquires IMI, maker of the Uzi, for $522 million

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.

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 »