Elbit Systems will acquire Spartan – Global Markets

Elbit Systems
+ 2.56%

Base:39,510

opening:39,790

Tall:40,680

low:39,620

change:29,266,697

Page Quote News Graphs Company Profile Recommendations


More articles on the subject:




Acquires the American company Sparton. The seller is Cerberus Capital Management. Elbit and Cerberus have signed a binding agreement for the sale.

Spartan is a leading manufacturer and supplier of electronic systems that support naval warfare for the U.S. Navy and Allied military forces.

The deal is conditional on various external conditions, including obtaining U.S. regulatory approvals, which could take several months. Yesterday we published an extensive review of Elbit Systems and asked to answer the question of whether it is an investment opportunity. The acquisitions made by the company, and after a decrease of about 30% in the value of the share and with a recovery from Corona Elbit, will be able to lead the recovery in the defense industries industry. ”

According to Ella Fried, a senior analyst at Leumi Capital Markets, Elbit “thinks this is a good opportunity to enter marine budgets. The acquisition is in line with the strategy of utilizing land and air platforms at sea as well.”

Bezalel Machlis, President and CEO of Elbit Systems, said: “The acquisition of Sparton will strengthen Elbit Systems’ capabilities in the United States and enable the expansion of operations in the maritime arena. We believe that this acquisition will benefit Elbit Systems and Spartan’s employees and customers.”