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Elbit Systems of America Completes Acquisition of Sparton Corporation
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HAIFA, Israel, April 6, 2021 /PRNewswire/ Elbit Systems of America, LLC ( Elbit Systems of America ) has completed the acquisition of Sparton Corporation ( Sparton ) from an affiliate of Cerberus Capital Management, L.P. for $380 million, subject to customary price adjustments, resulting in a significant expansion of Elbit Systems of America in the United States.
Sparton, with its 120-year history and decades of defense experience spanning from World War I to today, is a U.S.-based premier supplier of critical undersea warfare solutions to the U.S. Navy and its allies, as well as engineered products for the defense industry.
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