Tag Archives: Elbit Systems of America

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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Four Companies Awarded Marine Handheld Targeting System Assessment OTAs

Four companies have secured other transaction agreements to explore the possibility of creating a single, lightweight, man-portable system for the U.S. Marine Corps to locate, acquire and counter targets. BAE Systems, Elbit Systems of America (Nasdaq: ESLT), Fraser Optics and Northrop Grumman (NYSE: NOC) will examine potential systems for USMC’s Next Generation Handheld Targeting System, …

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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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