President of Serbia Alexander Vucic announced yesterday that his country was about to open a UAV factory with Israeli company Elbit Systems (TASE: ESLT; Nasdaq: ESLT). Elbit Systems will hold a 51% majority stake in the factory and Serbia's state-owned arms company SDPR will hold 49%. Elbit Systems will also supply advanced ISTAR (intelligence, surveillance, target acquisition, and reconnaissance) capabilities, intelligence gathering and processing systems, advanced electro-optic systems, night-vision systems, and upgrades to battlefield vehicles and protection systems. Besides this, Elbit Systems will provide a comprehensive solution for military digitization and battlefield communications based on the latest generation of equipment and software. Published by Globes, Israel business news - en.globes.co.il - on August 9, 2026.