Elbit Systems of America has completed its acquisition of the Night Vision business of L3Harris Technologies for a purchase price of $350 million in cash.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, said, “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.”
Erik Fox has been appointed Vice President and General Manager of Elbit Systems of America – Night Vision.
“As the newest business unit within the Elbit America family, we’re going to leverage our legacy and tap into the expertise of the larger company. Together, we can supply warfighters and first responders around the world with the innovative solutions they need to protect and save lives,” said Fox.
Elbit Systems of America – Night Vision has produced more than two million Generation 3 image intensifier tubes and has over 15 years of Enhanced Night Vision Goggle programs of record with the U.S. Army.
During its 60-year production legacy, the company has secured more than 90 night vision related patents and supplies nearly 100 countries with its products. More than 500 employees work in this business unit that operates in Roanoke, Virginia.
Fox will report directly to Raanan Horowitz, President and CEO of Elbit Systems of America.
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Source: Breaking Travel News