Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), completed the acquisition of the Night Vision business of L3Harris Technologies (NYSE: LHX) ("Harris Night Vision") for a purchase price of $350 million.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "The market position and technological strength of Harris Night Vision 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 both for Elbit Systems and for Harris Night Vision's customers and employees."
Key data points: The growth forecast = 6.3% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in air-based tactical data link market to 2031 by component (hardware and software), platform (rotary wing, fixed wing, and unmanned aerial vehicles), application (command & control, intelligence, surveillance & reconnaissance, electronic warfare, and radio communication), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages