Elbit Systems U.S. Subsidiary Signs Definitive Agreement to Acquire Harris Night Vision Business
Elbit Systems Ltd. - Ordinary Shares (ESLT)
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Source: PR Newswire
HAIFA, Israel, April 5, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), has signed a definitive agreement with Harris Corporation (NYSE: HRS) ("Harris") for the acquisition of Harris' Night Vision business ("Harris Night Vision") for a purchase price of $350 million. The transaction is conditioned on completion of Harris' proposed merger with L3 Technologies, Inc. (NYSE: LLL), 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 signi
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