The Israel Land Authority (ILA) auction for the Israel Military Industries (IMI) lot on Hashalom Street in central Tel Aviv has been won by Acro Real Estate and Kata Group.
The contract worth $37 million is to supply Iron Fist Active Protection Systems (APS) to General Dynamics for upgrades to the US Army's Bradley M2A4E1 Infantry Fighting Vehicles.
The Swiss-American ophthalmology company will pay $60 million immediately and up to $335 million with milestone payments for the company, BioLight reports.
The Israeli businessman had a busy week as he completed the sale of NeoGames for $1.2 billion and saw off Aaaron Frenkel's efforts to put his candidates on Tamar Petroleum's board.