Elbit Systems acquires defense-GPS unit of BAE SystemsNews
April 01, 2021
HAIFA, Israel. Elbit Systems has acquired BAE Systems Rokar (Jerusalem, Israel) from BAE Systems, Inc., the U.S. headquartered subsidiary of BAE Systems plc, for approximately $31 million net of any cash in Rokar.
Rokar specializes in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications.
Elbit Systems president and CEO Bezhalel (Butzi) Machlis said of the acquisition: “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.”