Azimuth is traded on the Tel Aviv Stock Exchange.
Defense contractor Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has acquired 19.5% of Azimuth Technologies Ltd. (TASE:AZTC), which develops and manufactures military target acquisition, navigation, and orientation equipment. Elbit Systems bought 13.7 million Azimuth shares at $0.25 per share.
Elbit Systems' share rose 2.4% to $47.49 on Nasdaq yesterday. The share rose 2.4% by midday on the TASE to NIS 178.10. Azimuth rose 1.5% to NIS 0.68.
Published by Globes [online], Israel business news - www.globes-online.com - on October 29, 2008
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