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.
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