May 21, 2015, 8:34 AM
- Elbit Systems (NASDAQ:ESLT) agrees to acquire Nice Systems' (NASDAQ:NICE) cyber and intelligence division for as much as $158M as it seeks to boost its presence in a fast-growing market.
- ESLT, Israel's largest listed defense company, will pay $117.9M in cash at the deal's close, expected in Q3, with an additional amount of up to $40M to be paid based upon the business' future performance.
- Nice says the sale will allow it to place greater focus on its core markets.
Apr. 25, 2013, 12:48 PM
Elbit Systems (ESLT +0.5%) and Sharp Aviation K have form Sharp Elbit Systems Aerospace, a jointly owned company in South Korea. Elbit Systems will own 19% with a growth option to 50% ownership. The company will operate in Ansan and among other capabilities, will offer maintenance, repair and manufacture of advanced military aircraft avionics as well as research and development of systems and avionics for both existing and future projects.| Apr. 25, 2013, 12:48 PM