ELBIT said it has formed a joint electronics venture with Romania's Aerostar.

ELBIT SYSTEMS LTD. of Israel said it has formed a joint venture with S.C. Aerostar S.A. Bacau of Romania to make and support advanced electronic equipment. The joint venture, A.E. Electronics S.A., will be located in Romania and have an initial capitalization of about $5 million. Elbit will hold the...

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