Israel Aerospace Industries to Merge with Elta Systems, Streamlining Operations
Israel Aerospace Industries (IAI) has announced a proposed merger with its subsidiary, Elta Systems. Elta, headquartered in Ashdod, is known for developing advanced technologies, including the 'Green Pine' radar system and various interception systems. The merger will see all of Elta's activities, assets, rights, and obligations transferred to IAI, effectively dissolving Elta as a separate legal entity. This move is intended to enhance operational efficiency and reduce bureaucracy. The merger is subject to approval by the Israeli government under the Government Companies Law, and IAI's management is working to secure the necessary permissions. 
