
Elbit Systems [ESLT] on Thursday said it has agreed to acquire the Cyber and Intelligence Division of NICE Systems [NICE] for up to $157.9 million in cash in a deal that expands its cyber business.The transaction, which includes a potential $40 million earn-out provision as part of the overall cash payment, is expected to close early in the third quarter. Both companies are based in Israel and a spokesman for NICE told Defense Daily the deal was hatched by the…