Posted by Skyler Frink
HAIFA, Israel, December 1, 2011. Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (Elbit Systems) announced today, that its subsidiary, Elbit Systems of America, LLC (Elbit Systems of America), purchased from General Dynamics Armament and Technical Products (GDATP) its holdings in UAS Dynamics, LLC (UAS Dynamics), a joint venture established by Elbit Systems of America and GDATP to provide unmanned aircraft systems (UAS) to the U.S. market, thus making Elbit Systems of America the sole owner of UAS Dynamics.
UAS Dynamics will become part of Elbit Systems of America's Unmanned Systems business unit, which is responsible for both airborne and seaborne unmanned systems.
