Elbit Systems has gained control of Brazilian company Aeroelectronica Industria de Componentes Avionicos (AEL). The deal, which is believed to have cost the Israeli company around $2.3 million for the majority of the shares, enables Elbit to use AEL's facilities for the systems upgrade of Brazilian air force Northrop F-5s. Israel has already had success with upgrade programmes in countries such as Argentina and Chile. The acquisition will help further expand its activities in Latin America.

Source: Flight International