[Beerinkol]

It's about time. IAI is creating a US operating entity to develop and sell electronics and defense radars in the US.

http://www.globes.co.il/serveen/glob...92321&fid=1725

The board of directors of Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) has decided to set up a new company in the US to be called ELTA North America to market electronic defense products in the western hemisphere, IAI North America president Uzi Rosen has told "Globes."

Rosen stressed that planned production in the US will not result in layoffs at IAI unit ELTA's plant in Israel. The new company, which will be located in Maryland, will be part of IAI North America. ELTA Systems Ltd., based in Ashdod, is one of the world's leading electronic defense systems companies, which develops, designs and manufactures radar and electronic combat communications systems.


Rosen said, "This is an important strategic decision, which will deepen IAI's penetration into the US and other markets."