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Elbit Acquires GD’s Stake In UAS Joint Venture

Defense Daily Staff Defense Daily Staff
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Israel’s Elbit Systems [ESLT] yesterday said it has acquired General Dynamics’ [GD] interest in a joint venture between the two companies aimed at marketing unmanned aircraft systems in the United States. Terms of the deal for UAS Dynamics were not disclosed. Elbit’s United States-based division will be responsible for UAS Dynamics. GD and Elbit Systems of America began the joint venture several years ago to focus on bidding Elbit’s Storm Unmanned Aircraft System (UAS) for the Navy’s Small Tactical UAS…

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