Elbit Systems of America Acquires ‘Sparton’ Undersea Warfare Systems Manufacturer
Elbit Systems of America announced today that it has completed the acquisition of Sparton Corporation (“Sparton”) from an affiliate of Cerberus Capital Management, L.P. for a purchase price of $380 million.
The closing follows receipt of all the required approvals, including receipt of U.S. Government and regulatory approvals.
Headquartered in De Leon Springs, Florida, U.S., Sparton is a premier developer, producer and supplier of systems supporting Undersea Warfare for the U.S. Navy and allied military forces.
Elbit Systems Buys BAE’s Rokar GPS Solutions Business
Saab to Integrate RBS15 Mk3 Anti-Ship Missile on Truck-Mounted Launchers for Sweden
Unknown Number of U.S. V-22 Osprey Aircraft to Stay Grounded
Argentina Upgrades TAM Tank to the 2C-A2 Version
Sweden Expands Gripen C/D Fighter Capabilities with New Missile Integration
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...