Elbit scaling back UAV division

Elbit Systems is moving workers from its unmanned aerial vehicle manufacturing division due to a decline in its backlog of orders. About 100 employees are leaving the division for other positions within the company. Elbit Systems explains that nobody is being fired.Elbit Systems makes small- and medium-sized remotely piloted vehicles. The company lost a $350 million Brazilian contract to Israel Aerospace Industries late last year. Also, negotiations to supply UAVs to a certain "eastern" state have dragged on.

Read More

Posted in: israel,UAV