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07.11.2014 admin
Genuine surplus - army surplus warehouse, inc., Welcome to army surplus warehouse, we have been on the internet since 1998. Copyright © 2012 Autos Post, All trademarks are the property of the respective trademark owners. By using our website, you accept the use of cookies in order to enjoy an optimal navigation with offers relevant to your interests, and to allow us to perform web analytics. Israel plans to privatize loss-making Israel Military Industries Ltd (IMI), manufacturer of the legendary Uzi sub machinegun, Defense Minister Moshe Yaalon said on Wednesday.

IMI will be split up, with certain parts folded in to a new state enterprise for reasons of "vital national security," according to Globes business daily. In exchange for the privatization, the defense ministry will receive a $84 million budget supplement, after promising to place 500 million shekels in orders a year over five years, the newspaper said. At the same time, properties in and near Tel Aviv that currently house the company's production facilities will be sold for major real estate developments, the newspaper said. In addition to the Uzi, of which more than 10 million have been produced, IMI also makes the Galil assault rifle, machine guns and armored vehicles.

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