Israel Aircraft Industries (IAI) is investing $6 million in a 30% stake in Matrix subsidiary Tiltan. IAI retains an option to take on a further 5% in the company, which develops and manufactures visualisation solutions, for $1.5 million. The agreement, which is due to be completed in the second quarter of 2006, includes a framework for strategic co-operation that will include joint development projects for products to be marketed in Israel and abroad.
Source: Flight International