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Tag Archives: Bezhalel Machlis

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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Elbit Systems Lands $100M Contract From Israeli Defense Ministry for Software-Based Radios

Elbit Systems (Nasdaq: ESLT) has received a potential five-year, $100 million contract from Israel’s ministry of defense to manufacture and deliver hundreds of advanced radio systems. The Israel-headquartered company said Wednesday it will supply handheld, airborne and vehicle mounted software-defined radios designed to support high-security network services. “We are very proud of this award, reinforcing …

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Elbit Systems Lands $90M Contract to Provide APAC Country Electro-Optic Sensor Tech

Elbit Systems (Nasdaq: ESLT) has received a potential four-year, $90 million contract to supply an Asia-Pacific country with SPECTRO XR electro-optic systems. Bezhalel Machlis, president and CEO of Elbit Systems, said in a statement released Sunday the contract seeks to demonstrate the company’s efforts to develop new systems designed to meet customers’ requirements. SPECTRO XR …

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Elbit Systems Lands $200M Reconnaissance UAV Supply Contract With Switzerland

Elbit Systems (Nasdaq: ESLT) has received a potential four-year, $200 million contract to supply the Swiss air force with Hermes 900 Heavy Fuel Engine unmanned aerial systems. The contract awarded by Switzerland’s defense, civil protection and sport department also covers the provision of a land-based segment for command, communications and …

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Elbit Signs $158M Deal for Nice Systems’ Cyber Division; Bezhalel Machlis Comments

Elbit Systems (Nasdaq: ESLT) has signed an agreement for its Cyberbit subsidiary to purchase the cyber and intelligence division of Nice Systems for up to $157.9 million. Elbit said Thursday it will pay $117.9 million in cash upon the transaction’s scheduled closure in the third quarter of 2015 and up to $40 million under an earn-out agreement …

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Elbit Systems Creates New Unit to House Intell, Cyber and IT; Bezhalel Machlis Comments

Elbit Systems has created a new division to manage its portfolio of information technology, cybersecurity, intelligence and electro-optical offerings, Defense News reported Monday. Barbara Opall-Rome writes Intelligence and Electro-Optics Elop combines the portfolios from Elbit’s systems land and C4I business and Elop subsidiary. Adi Dar, Elop managing director, was appointed …

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