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Elbit Systems Completes Acquisition of Elisra

DDN

Friday, April 1st, 2011

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Israel's Elbit Systems [ESLT] said it has completed the purchase of the balance of shares of Elisra Electronic Systems held by Elta Systems, which is a subsidiary of Israel Aerospace Industries. Elbit said in February it would acquire the 30 percent of shares in Elisra that it doesn't already own for $67.5 million. Elisra's main product lines include self protection systems for aircraft and combat vessels, electronic and communications intelligence systems for manned aircraft and unmanned aircraft systems, data links,…

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