Israel’s Rafael acquires drone manufacturer Aeronautics
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Israel’s Rafael acquires drone manufacturer Aeronautics

Israel’s Rafael Advanced Defense Systems Ltd. has acquired Aeronautics Ltd., one of the country’s leading developers of unmanned aerial systems, Rafael said on Tuesday, September 3. The deal, which is set to be finalized in the coming days, would see Rafael own 50% of Aeronautics with the defense technology company’s partner, businessman Avichai Stolero, holding the other...