Elbit Systems Buys BAE’s Rokar GPS Solutions Business
Elbit Systems said on Thursday that it has acquired BAE Systems Rokar for $31 million.
Rokar International Ltd. was owned by BAE Systems, Inc., the U.S. headquartered subsidiary of BAE Systems plc. Located in Jerusalem, Israel, Rokar specializes in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “There is increasing demand for our networked precision fire solutions. Rokar’s technologies are integrated in our solutions and the acquisition will further enhance our capabilities in this growing area of activity."
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