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.
The firm is the manufacturer of the legendary Uzi sub-machine gun [top photo] and the Galil assault rifle. Continue Reading »