Sign In
Search
International

Elbit Systems To Acquire BVR Systems For $34 Million

DDN
SHARE:

Israel's Elbit Systems Ltd. [ESLT] recently said it has agreed to acquire another Israeli firm, BVR Systems [BVRSF], a developer of military training, simulation and debriefing systems, for $34 million in cash. Terms of the deal include BVR paying back up to $3 million to Elbit depending on the status of payments BVR is receiving for ongoing projects as well as potential warranty obligations for 18 months after the transaction is concluded. BVR will be required to maintain $1.5 million…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: F-35 News, Big GD Sub Award, E-7 Reversal, UxS News

International

State Department Approves $1 Billion In Potential C-17, JDAM-ER, Helo FMS Deals

International

Demand Signal For L3Harris’ Vampire Counter-Drone System Exceeds $1 Billion, Executive Says

International

U.S. OKs Over $8.6 Billion In Expedited Arms Sales To Several Middle East Partners

Trending

Pentagon Signs Framework Deals To Rapidly Buy Low-Cost Cruise Missiles, New Hypersonic Weapon
Addition Of Production Lines For F-15EX Eyed By USAF, MQ-9 Follow-On In Works
HAC-D Lawmakers Skeptical Of Battleship; CNO Says Will Use Ford Reactor
Army Awards Leidos $2.7 Billion To Accelerate Hypersonic Work
Defense Watch: Mythos, DARC, DARPA Plane, New SWO Boss, Startup Raises

Congress Updates

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume