Aeronautics UAV Systems has cooperation agreements with General Dynamics and Israel Aircraft Industries, which received an option to acquire 25% of the company.
Aeronautics UAV Systems, developer of unmanned aircraft and avionics systems, has set up a plant in Yavne to manufacture airplanes. Until now, the company headquarters were in Petah Tikva. The new plant, which will coordinate development and integration, will enable the company to participate in new projects, including those included in a cooperation agreement with Israel Aircraft Industries (IAI).
The companies signed a strategic cooperation agreement for marketing and developing unmanned aircraft. Aeronautics UAV also signed a strategic agreement with General Dynamics for joint development and marketing of unmanned aircraft for the US armed forces, mostly in the US.
Aeronautics UAV is owned by private investors and Tel Aviv Stock Exchange-listed JOEL. The company employs 40 staff.
Published by Israel's Business Arena on August 8, 2001