Elbit Systems (ESLT +0.5%) and Sharp Aviation K have form Sharp Elbit Systems Aerospace, a...

|About: Elbit Systems Ltd. (ESLT)|By:, SA News Editor

Elbit Systems (ESLT +0.5%) and Sharp Aviation K have form Sharp Elbit Systems Aerospace, a jointly owned company in South Korea. Elbit Systems will own 19% with a growth option to 50% ownership. The company will operate in Ansan and among other capabilities, will offer maintenance, repair and manufacture of advanced military aircraft avionics as well as research and development of systems and avionics for both existing and future projects.