Israel Aerospace has successfully completed a dual operational firing trial with LORA (Long Range Artillery Weapon System).
Israel Aerospace Industries tripled its first quarter operating profit, although profit remains low in relation to sales.
The Covid-19 crisis had no effect on the Israeli defense electronics company in the first quarter.
The $25.6 million offer for 8,669,029 shares would increase FIMI's stake in the Israeli security systems company from 42.6% to 80%.