Elbit Systems' U.S. Subsidiary Purchases UAS Dynamics from Co-owner General Dynamics Armament and Technical Products
Elbit Systems Ltd. (NASDAQ: ESLT) announced today, that its subsidiary, Elbit Systems of America, LLC, purchased from General Dynamics Armament and Technical Products its holdings in UAS Dynamics, LLC, a joint venture established by Elbit Systems of America and GDATP to provide unmanned aircraft systems to the U.S. market, thus making Elbit Systems of America the sole owner of UAS Dynamics.
UAS Dynamics will become part of Elbit Systems of America's Unmanned Systems business unit, which is responsible for both airborne and seaborne unmanned systems.
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