Prime Minister and Defense Minister Binyamin Netanyahu said, Sunday, "The sale of IAI [Israel Military Industries -ed.] to Elbit Systems will facilitate the advancement of the Israeli defense industry, will leverage Israel's technological abilities, and will increase defense exports. All of these will directly contribute to the Israeli economy."
Calling the sale "the end of a long and important process that began several years ago," Netanyahu said, "Additionally, the sale will allow for the clearing of land in high demand areas that will serve for the construction of housing units and will also transfer hundreds of workers to the Negev and the Galilee."