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Business/Financial

Elbit America Completes $380 Million Acquisition Of Sparton

By Cal Biesecker

Tuesday, April 6th, 2021

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Elbit America Completes $380 Million Acquisition Of Sparton

P-8A aircraft dropping a Sparton sonobuoy. (Photo: Elbit Systems)

Elbit Systems of America on Tuesday said it has completed its $380 million acquisition of Sparton Corp. in a deal that expands its work on naval systems. The acquisition also expands Elbit America’s footprint in the U.S. Elbit America is a subsidiary of Israel’s Elbit Systems [ESLT]. Sparton, which is based in Florida, previously was owned by the private equity firm Cerberus Capital Management. Albion River also invested in Sparton with Cerberus. “Acquiring Sparton, one of the primary American suppliers…

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