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Elbit Systems U.S. subsidiary signs definitive agreement to acquire Harris Night Vision business

Elbit Systems Ltd. announced today that its U.S. subsidiary, Elbit Systems of America, LLC, has signed a definitive agreement with Harris Corporation for the acquisition of Harris' Night Vision business for a purchase price of $350 million.

The transaction is conditioned on completion of Harris' proposed merger with L3 Technologies, Inc., as well as customary closing conditions, including receipt of regulatory approvals.

Headquartered in Roanoke, Virginia, Harris Night Vision is a premier developer, producer and supplier of night vision technology for the U.S. and allied military and security forces and for the federal homeland security market.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "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. Elbit Systems of America has a proven track record of providing high performance solutions and support services to the U.S. defense and homeland security markets. We believe that the completion of this acquisition will be beneficial both for Elbit Systems and for Harris Night Vision's employees and customers."

Press release issued by Elbit Systems Ltd on April 5, 2019

 

 Contact details from our directory:
Elbit Systems Ltd Thermal Imaging Equipment, Enhanced Vision Systems (EVS), Chemical Milling, Metal Bonding, Filament Winding Service, Forming, Aircraft Structural Components, Moving Maps, Helmet-Mounted Displays (HMD), Electronic Flight Instrument Systems, Laser Radar, FLIR Systems, Cameras (Airborne), Head-Up Displays, Warning Systems/Equipment, Flight Recorders, LCD Displays, Avionics Management Systems, Stores Management Systems, Terrain Awareness and Warning Systems, Terrain Following Radar
Elbit Systems of America, LLC Command, Control & Intelligence Systems, Cockpit Video Displays, Helmet-Mounted Displays (HMD), Airspeed Indicators, Airborne Communication Systems, Barometers, Cockpit Control Systems, Chronometers, Head-Up Displays, Air Data Computers, Flight Management Systems, Electric/Electronic Test Equipment, Electromechanical Assembly, Enhanced Vision Systems (EVS), Flight Manuals, Laser Targeting Systems, LCD Displays, Logistics Consultants, Moving Maps, Night Vision Equipment, Pressure Altimeters, Reliability & Maintainability Services, Stores Management Systems, Systems Integration, Weapons Countermeasures
Harris (ITT Night Vision) Night Vision Equipment

 

 Related directory sectors:
Imaging and Visual Systems

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