Elbit Systems to buy Harris Night Vision goggles and thermal weapons sights business for $350 Million
FORT WORTH, Texas – Elbit Systems on Friday announced that its U.S. subsidiary, Elbit Systems of America, had signed a definitive agreement with Harris Corp. to buy the Harris Night Vision business for $350 million. Jewish Press.com reports.
The Military & Aerospace Electronics take:
9 April 2019 -- Headquartered in Roanoke, Va., Harris Night Vision is a premier developer, producer and supplier of night vision goggles, monoculars, thermal weapons sights, and image-intensifier tubes for U.S. and allied ground forces and aircraft pilots.
“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. Elbit Systems of America has a proven track record of providing high performance solutions and support services to the U.S. defense and homeland security markets," says Bezhalel (Butzi) Machlis, Elbit Systems President and CEO.
The transaction is conditioned on completion of Harris’ proposed merger with L3 Technologies, as well as customary closing conditions, including receipt of regulatory approvals.
John Keller, chief editor
Military & Aerospace Electronics
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