Israel’s Ministry of Defense Set to Pose Sanctions on Aeronautics CEO
The Israeli drone maker and several of its executives have been under investigation for violations of the Israeli defense export controls law and for insider trading since 2017
Golan Hazani | 16:49 27.01.2019
The Israeli Ministry of Defense will be temporarily suspending the CEO of Israeli drone maker Aeronautics Ltd. and two other company executives from the country’s Defense Export Registrar, Aeronautics announced Sunday in a filing to the Tel Aviv Stock Exchange. Still pending a hearing, if the suspension is enacted the three executives will be barred from sales and marketing activities outside of Israel until a decision is reached by the court.
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The announcement confirms an earlier report by Calcalist.