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Elbit Systems Awarded Approximately $220 Million Contract to Supply Airborne Precision Munition Solution to a Country in Asia-Pacific

/PRNewswire/ Elbit Systems Ltd. (NASDAQ: ESLT) and (TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $220 million contract. ....

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Elbit Systems Announces New Appointments: Joseph Gaspar Appointed Senior EVP - Business Management and Dr. Yaacov (Kobi) Kagan Appointed EVP and CFO

Elbit Systems Announces New Appointments: Joseph Gaspar Appointed Senior EVP - Business Management and Dr. Yaacov (Kobi) Kagan Appointed EVP and CFO
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Elbit Systems U.S. Subsidiary Completes the Acquisition of Sparton Corporation

Elbit Systems Ltd. (NASDAQ: ESLT)
and
(TASE: ESLT) ( Elbit Systems or the Company ) announced today, 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. ....

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Elbit Systems Ltd. (via Public) / Elbit Systems U.S. Subsidiary Completes the Acquisition of Sparton Corporation

Elbit Systems Ltd. (via Public) / Elbit Systems U.S. Subsidiary Completes the Acquisition of Sparton Corporation
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Elbit Systems Completes Acquisition Of Sparton For

Image courtessy Elbit Systems Ltd.
Elbit Systems Ltd. announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation 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 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. ....

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