Ann: LOI with Aeronautics Ltd to develop batteries for UAVs, page-5

Aeronautics Ltd has been active in the last 6 months.
https://aeronautics-sys.com/home-page/about/about-aeronautics/

When ALtd grows, there will be positive business flow on effects to UTR


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Global Footprint
Serving a growing list of customers worldwide, Aeronautics supports government and commercial customers with the highest quality systems and services.

Aeronautics operates with dozens of clients throughout the world; its leading system, the Aerostar Tactical UAS is serving 15 customers on four continents.
Aerostar alone has accumulated more than 150,000 operational flight hours since its first flight in 2001.
We had produced close to 1,000 Orbiter MUAV units.

Our systems were operational in conflict zones in Africa, Iraq, Afghanistan, Chad and more.
The considerable combat experience of Aeronautics systems is valued by our customers in the defense sector.




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Globes English - Aeronautics wins $40m intelligence gathering UAV ...

www.globes.co.il/.../article-aeronautics-wins-40m-intelligence-gathering-uav-deal-100...
Nov 1, 2017 -
The follow-on order extends the previous deal with an international customer by two years. Israeli UAV company Aeronautics Ltd. (TASE:ARCS) today announced that it had been awarded a $40 million contract as part of an intelligence gathering services project for a foreign customer.

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Globes English - Aeronautics buys US co Chassis Plans - גלובס

www.globes.co.il/en/article-aeronautics-buys-us-co-chassis-plans-1001206046


Sep 24, 2017 - Yavne-based UAV company Aeronautics Ltd. (TASE:ARCS) today announced that it had recently completed the acquisition of US company Chassis Plans for $6 million, following a year of negotiations.

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Aimo. Dyor
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