# Rafael acquires 50% stake in Kanfit

Rafael Advanced Defense Systems Ltd. acquired a 50% stake in Israeli aerospace engineering company Kanfit Ltd., making Kanfit a subsidiary. The deal is valued at tens of millions of shekels.

- Type: Acquisition
- Announced: 2019-09-10
- Where: Israel
- Status: completed
- Products: UAV components, primary and detailed parts, subassemblies, ready-to-fly assemblies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Rafael Advanced Defense Systems](https://endata.com/companies/29982.md) (acquirer)
- [Kanfit Ltd.](https://endata.com/companies/42020.md) (target)

## Sources

- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3770013,00.html), 2019-09-10: "Kanfit is considered a leading global supplier for UAV components."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.