Elbit Systems Acquires Electro Optic Research and Development Company Ltd.
Written by thomas · Filed Under Aeronautics NewsJune 30, 2008
HAIFA, Israel, June 30 /PRNewswire-FirstCall/ — Elbit Systems Ltd.
(NASDAQ:ESLT) announced the acquisition of all of the shares of Electro
Optic Research and Development Company Ltd. (“EORD”) from their former
shareholders, Technion Research & Development Foundation Ltd. and Bynet
Electronics Ltd., for a purchase price amount not material to Elbit
Systems.
EORD is an Israeli company, engaged in research and development of
acoustic and seismic sensors and systems for military and security
applications.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related programs throughout the world.
The Company, which includes Elbit Systems and its subsidiaries, operates in
the areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and reconnaissance
(“C4ISR”), unmanned air vehicle (UAV) systems, advanced electro-optics,
electro-optic space systems, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and radios. The
Company also focuses on the upgrading of existing military platforms and
developing new technologies for defense, homeland security and commercial
aviation applications.
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