Israeli defence firm Elbit eyes US market for further growth

JERUSALEM: Israeli defence electronics company Elbit Systems reported higher quarterly profit on Thursday, driven by its acquisition of rival IMI, and said it would continue to target the U.S. market to help fuel growth.

"These acquisitions will strengthen our position in the United States," he told Reuters."I am putting an emphasis on our activity in the U.S. market. It will improve our position in this market in the commercial avionics business and in the night vision business in the United States." IMI, a manufacturer of military systems best known for being an early maker of the Uzi submachine gun, is expected to add revenue of at least US$500 million this year.Channel NewsAsia - Sentifi topic widget

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