Aerospace Group:

Business/Financial

RAFAEL Changes Name, Business Structure

DDN

Friday, October 19th, 2007

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TEL AVIV, Israel--Rafael Advanced Defense Systems is the new name for the Israeli company formerly known as RAFAEL Armament Development Authority, which has been undergoing an extensive assessment and overhaul of its business activities. "I am convinced that the changes that have been implemented, with the full cooperation of employees and unions, will assist Rafael in more effectively fulfilling its technological potential and national obligations, as well as achieving all of its business objectives, Yedidia Yaari, the company's president and…

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