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Int’l – Industry Insider – Elbit Systems says it has reached agreement to buy rival defense contractor IMI

HAARETZ.COM June 20, 2018 – Defense firm Elbit Systems said on Tuesday that it has reached an agreement with the government to buy state-owned rival IMI Systems for up to $522 million, although the deal still requires approval from the Antitrust Authority. The government announced its intention in 2013 to privatize IMI, a manufacturer of military systems best known for being an early maker of the Uzi submachine gun.  [full article]

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