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Elbit Systems Completes Equity Investment in AeroAstro Inc.

Publication: PR Newswire
Publication Date: 23-OCT-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Elbit Systems Ltd. (the "Company") today announced that following receipt of all approvals, it completed the acquisition of a minority share (approximately 8%) in AeroAstro Inc., a leading provider of small satellites and related technology products. This transaction follows a teaming agreement signed earlier this year between AeroAstro and Elbit Systems' subsidiary Elop Electro-Optics Industries Ltd. (El-Op) for the development of advanced micro and nano space systems and components, with a special focus on remote sensing and optical systems.

Since its inception in 1988, AeroAstro has been a...

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