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Tag Archives: M&A Activity

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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BAE to Acquire Prismatic, Co-Developer of ‘PHASA-35’ Solar Electric UAV

BAE Systems has agreed to purchase U.K.-based aerospace technology developer Prismatic for an undisclosed sum in the British defense contractor's strategy to push the boundaries of air and space innovation. The deal comes 15 months after both companies unveiled a partnership on the PHASA-35 unmanned air vehicle, a high-altitude long endurance aircraft designed to operate using battery and solar cells, BAE said Tuesday.

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Red River Buys CWPS in Managed IT Services Portfolio Expansion Push; Rick Bolduc Quoted

Claremont, N.H.-based information technology services contractor Red River has acquired Washington, D.C.-based tech platforms provider CWPS for an undisclosed sum to expand its managed services portfolio and geographic presence in the southeast and mid-Atlantic regions.

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Sev1Tech Expands Into C4ISR Market Through ESP Acquisition; Robert Lohfeld Quoted

Woodbridge, Va.-based information technology services contractor Sev1Tech has acquired Engineering Solutions and Products, a Chantilly, Va.-based provider of command, control, communications, computers, intelligence, surveillance and reconnaissance platforms to the U.S. Army, to broaden its services portfolio, expand its geographical footprint and develop partnerships with new federal and commercial clients.

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