Israel's Elbit to buy state-owned IMI Systems for $523 million

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Israel's Elbit to buy state-owned IMI Systems for $523 million

Reuters Staff

1 MIN READ



JERUSALEM (Reuters) - The Israeli government said on Sunday it was selling weapons manufacturer IMI Systems to Elbit Systems (ESLT.TA) for 1.8 billion shekels ($523 million).


FILE PHOTO: Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa, Israel February 26, 2017. REUTERS/Baz Ratner/File Photo
Elbit (ESLT.O) may pay an additional 100 million shekels depending on IMI’s performance, Israel’s Finance Ministry said in a statement.


JERUSALEM (Reuters) - The Israeli government said on Sunday it was selling weapons manufacturer IMI Systems to Elbit Systems (ESLT.TA) for 1.8 billion shekels ($523 million).


FILE PHOTO: Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa, Israel February 26, 2017. REUTERS/Baz Ratner/File Photo
Elbit (ESLT.O) may pay an additional 100 million shekels depending on IMI’s performance, Israel’s Finance Ministry said in a statement.
https://www.reuters.com/article/us-...ned-imi-systems-for-523-million-idUSKCN1GN0DK