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PRESS RELEASE
Issued by:

Elbit Systems U.S. subsidiary completes the acquisition of Sparton Corporation
Tuesday, 6 April 2021

Elbit Systems Ltd. ("Elbit Systems" or "the Company") announced further to the Company's announcement of December 23, 2020, that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), completed the acquisition of Sparton Corporation ("Sparton") from an affiliate of Cerberus Capital Management, L.P. for a purchase price of $380 million. The closing follows receipt of all the required approvals, including receipt of U.S. Government and regulatory approvals.

Headquartered in De Leon Springs, Florida, U.S., Sparton is a premier developer, producer and supplier of systems supporting Undersea Warfare for the U.S. Navy and allied military forces.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "The growing importance of the maritime arena and the market position and technological strength of Sparton make this acquisition significant to our long-term growth strategy, with a particular focus on the U.S. We believe that the completion of this acquisition will be beneficial for both Elbit Systems' and Sparton's employees and customers."

Contact details from our directory:
Elbit Systems of America Command, Control & Intelligence Systems, Cockpit Video Displays, Helmet-Mounted Displays (HMD), Flight Recorders, Airspeed Indicators, Avionics Management Systems, Electronic Flight Instrument Systems, 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, Fuel Quantity Indicators, Onboard Computers
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Electrical Components
Computer Integrated Manufacturing