Live Update
From the Liveblog of
Sunday, March 11, 2018
Elbit buys state-owned Israel Military Industries for NIS 1.8 billion
Defense manufacturer Elbit Systems agrees to buy Israel Military Industries from the state for NIS 1.8 billion ($522 million).
As part of the deal, Elbit will move Israel Military Industries facilities in Ramat Hasharon and elsewhere to the Negev Desert, allowing the land to be used for the development of housing units.
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