
Israel’s Rafael Advanced Defense Systems Ltd. last Friday said it has acquired California-based PVP Advanced EO System (PVP AEO), a deal that expands its presence in the U.S. Terms of the deal were not disclosed. Rafael acquired PVP AEO through its U.S. subsidiary Rafael USA, Inc., and executed the transaction under a stock purchase agreement. PVP AEO develops, manufactures and sustains electro-optic (EO) systems for air, land, sea and homeland security applications. The company’s sensors are on Customs and Border…