EL OP, Israel's major electro-optical manufacturer, has pushed through a restructuring plan which has resulted in the company being re-organised into four divisions.
Three of the divisions will be restructured along geographical lines, covering the domestic military market, Asia and North America. A fourth division is to cover the civil sector, aiding the transfer of technologies from military to civil uses.
According to El Op president Jacob Toren, the company's sales this year are expected to total $300 million. It has an order backlog of $500 million.
In 1996, the company purchased Kollsman in the USA and is looking for further acquisitions and mergers to broaden its base.
Source: Flight International