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Avibras joins Harpia Systems for the production of Uav aircraft
Sao Paulo, Brazil - Embraer Defense and Security remains the majority shareholder
Brazil's aerospace company Avibras entered in the capital structure of Harpia Systems, the joint-venture between Embraer Defense and Security and AEL Systems, the Brazilian subsidiary of Israel's Elbit Systems. As a result, Avibras will hold a 9% stake of the company, whereas AEL Systems will hold 40%. Embraer Defense and Security will remain the majority shareholder, with 51%. By the agreement...
AVIONEWS - World Aeronautical Press Agency