
Israel’s RAFAEL Advanced Defense Systems Ltd. on Monday said it and a partner have agreed to acquire Aeronautics Ltd., an Israeli developer and manufacturer of unmanned aircraft systems and platform in a deal that gives it an entrée into unmanned aerial systems space. The Jerusalem Post reported that the purchase price is $240 million. The acquisition is expected to close this week with RAFAEL owning a 50 percent stake in Aeronautics and Avichai Stolero, a businessman, owning the other half.…