Rafael to develop UAVs.

Rafael Advanced Defense Systems announced the completion of its acquisition of Aeronautics, one of Israel's leading developers of unmanned aerial systems.

For the first time & as a result of the acquisition, Rafael will create & develop unmanned aerial platforms. This step is not only expected to increase Rafael's capabilities but also to further expand the technological & operational superiority of Israel's defense establishment. (Picture source: Rafael)

Upon closing, Rafael will hold 50% of Aeronautics, w businessman Mr. Avichai Stolero - Rafael's partner in the deal - holding the other 50%. This purchase constitutes Rafael's largest acquisition & is part of a longterm strategy to expand the company's overall operations via M&A.

For the first time & as a result of the acquisition, Rafael will create & develop unmanned aerial platforms. This step is not only expected to increase Rafael's capabilities, but also to further expand the technological & operational superiority of Israel's defense establishment.

Rafael president and CEO Major General (Retired) Yoav Har-Even said: “We are proud and look forward to working with Aeronautics’ scientists and engineers who bring with them vast experience, knowhow and unique technologies, some of the world’s best.

“Connecting those with Rafael’s technological richness, proven systems, infrastructure and resources, financial robustness, and most importantly, our excellent human capital, is a force-multiplier, guaranteed to be of high technological and strategic value in helping us to reach our goals.”