Israel Aerospace Industries (IAI) has revealed that the company is looking to undertake significant merger or acquisition in the future, as a possible stake of 25% in the company is expected to be floated by the Israeli government.
Speaking to Jane's at the Paris Air Show, IAI deputy CEO Eyal Younian said that the company believes that this move would allow IAI to break into the next level in the aerospace and defence sector as it moves to boost its revenues.
The company has recently undertaken a strategic reorganisation in its aviation business to streamline three aviation businesses into one.
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