“The market position and technological strength of Harris Night Vision make this acquisition significant to our long-term growth strategy, with a particular focus on the U.S.,â Bezhalel Machlis, president and CEO of Elbit Systems, said in a statement published Sunday.
Erik FoxÂ has been named vice president and general manager ofÂ the night vision business and will directly report to Raanan Horowitz, president and CEO ofÂ Elbit Systems of America. Fox will lead theÂ unit as it works to broaden Elbit Systemsâ position as a technology and defense systems supplierÂ to the U.S., allies, federal law enforcement and homeland security markets.
âUnder Erik Fox’s leadership of the Night Vision business, Elbit America has the ability to integrate night vision capabilities into future optical sensing and targeting systems that we can provide our customers,â Horowitz said.
Melbourne, Fla.-based L3Harris will use the proceeds from the deal to pre-fund its pension. The company retained its warrior mission solutions business, which produces electro-optical systems and night visions components for the U.S. military, first respondents and law enforcement agencies.