Rafael Advanced Defense Systems Ltd., developer and manufacturer of some of the world’s most ground breaking technologies for air, land, naval, space and cyber applications, announced it has completed, with its partner, Mr. Avichai Stolero, the acquisition of Aeronautics Ltd., one of Israel’s leading developers of unmanned aerial systems. Heading an industry group focused on unmanned solutions, systems and subsystems, Aeronautics Ltd. provides integrated turnkey solutions based on unmanned systems platforms, payloads and communications for defense and civil applications. Rafael will hold 50% of Aeronautics, with partner Mr. Avichai Stolero, holding the other half. The move comes as part of Rafael’s long term strategy to evaluate and implement new areas of growth, including by M&A of unmanned platform companies.
Aeronautics will take part in some of Rafael’s innovation projects, with a vision to increase mutual growth, explore new markets, and provide end-to-end solutions in the low-tier aerial domain, relying on best practices, mutual expertise and capabilities, to create new synergies and solutions.