The Israeli defense company Rafael Advanced Defense Systems announced the acquisition of a 40% stake in the Brazilian aerospace company GESPI Aeronautics, deepening its position in the growing Brazilian homeland security and defense market. The two companies formally announced the acquisition today at the LAAD Security 2012 event in Rio de Janeiro, Brazil. Based in Sao Jose dos Campos near Sao Paulo, GESPI operates in Brazil’s civil and security sector for over 20 years, serving the local Air Force, Army and Navy. “The acquisition of GESPI will allow us to implement the strategic policy of the Brazilian government for the transfer of advanced technology and expertise to projects of the Ministry of Defence of Brazil and various security agencies of production site, providing employment opportunities and export to other countries. ” Lova Drori, Senior Vice President of Marketing at Rafael said.
