Israeli Drone Maker Elbit Close to Buying Odebrecht Assets

  • Elbit will pay about $50 million to Odebrecht’s defense unit
  • Odebrecht has announced a freeze on new investments in Brazil

Israel’s Elbit Systems Ltd., a defense company known for making drones and avionics systems, is close to buying some assets from Odebrecht Defesa & Tecnologia in Brazil, according to two people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.