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Thursday, March 11, 2010

Elbit Completes Acquisition of the Assets of BVR Systems

Published on ASDNews: Nov 20, 2009
(Haifa, Israel, November 19, 2009) -- Elbit Systems Ltd. (NASDAQ:ESLT) announced today, further to the announcement on July 20 2009, that after receiving all the applicable approvals it completed the acquisition of the assets of BVR Systems (1998) Ltd. (OTCBB:BVRSF.OB) for a price of approximately $34 million.

BVR Systems (1998) Ltd., located in Rosh HaAyin, Israel, is engaged in the area of development and production of training, simulation and debriefing systems for air, sea and ground forces.

Source : Elbit Systems Ltd. - click here for more information

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