Posted inFrance, Israel, Middle East, World

Israel sells manufacturer of iconic Uzi submachine gun

Israel has finalized the sale of state-owned IMI Systems, maker of the Uzi submachine gun, to defense company Elbit Systems for $495 million, Elbit said Sunday. The government began the process of privatizing IMI Systems, formerly known as Israel Military Industries, in 2013. The firm manufactures the iconic Uzi submachine gun and the Galil assault […]