Israeli government-owned company Rafael Advanced Defense Systems signs agreement to buy VW plant in Osnabrück, Germany

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"... The factory will be repurposed for the production of components for the Iron Dome air defense system. Confirmation of the deal came this morning after long months of complicated negotiations.

The deal that has taken shape circumvents the opposition of the Qatar investment fund, which holds 10% of Volkswagen shares, to cooperate with Rafael in the production of defense systems. The deal will save thousands of jobs at the factory, which is scheduled to be closed next year by the car giant. ..."

Rafael signs agreement to buy VW plant - Globes "Rafael, the Lower Saxony government and Aurelius Capital have signed a letter of intent to acquire Volkswagen’s Osnabrück plant and will produce Iron Dome components there."

Volkswagen Osnabrück and Rafael set for Strategic Partnership (original news release) "Aurelius and the State of Lower Saxony, together with Rafael, are planning an initial anchor project in the field of air defense. Further industrial partnerships and project are to follow Strategic Partnership for a Center of Excellence in Security and Defense Technologies"