Israel's Elbit Systems is continuing a drive to transform itself into a major upgrade centre for military aircraft, with the agreed purchase for $16 million of Alabama, USA-based International Enterprises (IEI).
IEI provides repair, maintenance and logistics support for defence electronics systems on aircraft and ships. The deal follows the $9 million purchase of fellow-Israeli company Cyclone Aviation Products, which maintains helicopters and makes fuselage parts.
Source: Flight International