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Israel Aerospace Industries to Merge Subsidiary Elta Systems
Israel Aerospace Industries announced its board of directors recommended merging its subsidiary Elta Systems into the parent company. Elta, based in Ashdod, develops the Green Pine radar system and various interception systems. The company is the country's largest defense contractor.
May 14, 9:36 AM·1m read1 source
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Israel Aerospace Industries announced that its board of directors has recommended merging its wholly owned subsidiary Elta Systems into the parent company. Elta Systems is headquartered in Ashdod. The subsidiary develops a range of advanced technologies including the Green Pine radar system, described as Israel's high-power radar, along with various interception systems.
The move would integrate Elta's operations directly into Israel Aerospace Industries. The company is the country's largest defense contractor.
Industries has maintained Elta Systems as a subsidiary focused on radar and electronic systems. The Green Pine radar has been a key component in Israel's missile defense architecture for years. The recommendation comes from the board of directors and requires further approvals to take effect. No timeline for completion was provided in the announcement.
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