Search Results for: Elbit Systems

Elbit Systems of America Strikes $380M Deal for Sparton; Bill Toti, Bezhalel Machlis Quoted

Bill Toti CEO Sparton

Elbit Systems’ (Nasdaq: ESLT) U.S. subsidiary has agreed to acquire defense supplier Sparton from an affiliate of Cerberus Capital Management for approximately $380M. Bill Toti, CEO of Sparton and a previous Wash100 awardee, said in a statement published Wednesday the strategic combination with Elbit Systems of America will enable Sparton to further expand its market presence and continue to deliver innovative platforms in support of clients’ needs.

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Elbit Systems Completes $350M Acquisition of Night Vision Business From L3Harris

Elbit Systems' (Nasdaq: ESLT) U.S. subsidiary has completed its purchase of a night vision business from L3Harris Technologies (NYSE: LHX) for approximately $350M in cash. First announced in April, the divestment was a regulatory requirement associated with the merger between L3 Technologies and Harris.

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Elbit Systems to Acquire Harris Night Vision Business for $350M; Bezhalel Machlis Quoted

Elbit Systems of America (Nasdaq: ESLT) agreed to acquire the night vision business of Harris Corp. (NYSE: HRS) for approximately $350M. Harris said Friday the transaction is conditioned upon completion of its proposed merger with L3 Technologies (LLL) and customary closing conditions that include a receipt of all regulatory approvals. …

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Former L3, Elbit Systems Exec Amela Wilson Appointed FLIR Surveillance Division Head

Amela Wilson, former vice president of sensor and fire control solutions at Elbit Systems of America (Nasdaq: ESLT), has been named vice president and general manager of the surveillance division within joined FLIR Systems‘s (Nasdaq: FLIR) government and defense business. Wilson will be based in Washington, D.C., and responsible for …

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Northrop Vet Justin Gans Joins Elbit Systems’ US Arm as Strategy, Corporate Development VP

Justin Gans, formerly director of portfolio development at Northrop Grumman‘s (NYSE: NOC) aerospace sector, has been named vice president of strategy and corporate development at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary. Raanan Horowitz, president and CEO at Elbit Systems of America, said in a statement published Tuesday Gans will help expand the company’s …

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Elbit Systems Gets Govt Clearances for Universal Avionics Acquisition

Elbit Systems (Nasdaq: ESLT) has secured the necessary government clearances to acquire Tucson, Arizona-based Universal Avionics Systems Corp. through an asset acquisition transaction. Israel-based Elbit Systems said Thursday it expects to complete the purchase in the “coming weeks.” Universal Avionics manufactures avionics systems for military and commercial helicopters, transport planes and turboprop aircraft. …

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Ted Fordyce Named Washington Operations VP at Elbit Systems’ US Arm

Ted Fordyce, vice president of government relations at Elbit Systems’ (Nasdaq: ESLT) U.S. arm, has assumed the additional role of VP for the subsidiary’s Washington operations. Fordyce will serve as Elbit Systems of America’s liaison to the White House, Congress and federal agencies such as the departments of Homeland Security and …

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