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Rafael Advanced Defense Systems
Rafael Advanced Defense Systems Ltd. () is an Israeli Defense contractor, defense technology company. It was founded as Israel's National R&D Defense Laboratory for the development of weapons and military technology within the Ministry of Defense (Israel), Israeli Ministry of Defense; in 2002 it was incorporated as a limited company. History Rafael was established in 1948 as the Science Corps (, known by the acronym HEMED, ) under the leadership of Shlomo Gur. It was renamed the Research and Design Directorate () in 1952. In 1952 David Ben-Gurion decided to split the activities of HEMED into two agencies. The pure scientific research was left with HEMED, while the development of weapons was placed into the new EMET agency. In 1954 Ben-Gurion decided to change the name of EMET to ''RAFAEL'' (). It was reorganized as Rafael in 1958. In 1995, Yitzhak Rabin asked Amos Horev to become chairman of the board of Rafael, following many years in which Horev had served as chairman o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
