U.S. Billionaire Ira Rennert, Ehud Barak Mull Israel Military Industries Bid

Source close to government plans to privatize the defense giant says the government will demand that foreign buyer have Israeli partners and keep the board Israeli-dominated.

American Jewish businessman Ira Rennert is considering a bid with former Defense Minster Ehud Barak to buy state-owned Israel Military Industries, a source said Wednesday.