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Israel to privatize famed Uzi submachine gun's maker


Israel plans to privatise loss-making Israel Military Industries Ltd (IMI), manufacturer of the legendary Uzi sub machinegun, Defence Minister Moshe Yaalon said on Wednesday.

"I am pleased at the green light for the privatisation of IMI," Yaalon said in a statement, explaining that, despite its "excellent products," the company had losses that did not permit its survival....


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