RAFAEL Advanced Defense Systems completed the acquisition of a 50% stake in Aeronautics.

RAFAEL Advanced Defense Systems, developer and manufacturer of advanced defense systems for the Israeli Defense Forces, and Avichai Stolero completed the acquisition of Aeronautics, a company providing unmanned aerial systems. Financial terms were not disclosed. "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. I would also like to thank all the people involved in the process, as well as our partner, Mr. Avichai Stolero," Yoav Har-Even, RAFAEL President and CEO.