Military Embedded Systems

Naval warfare company Sparton Corporation acquired by Elbit U.S.

News

December 28, 2020

Emma Helfrich

Technology Editor

Military Embedded Systems

Sparton photo.

FORTH WORTH, Texas. Elbit Systems Ltd. announced that its U.S. subsidiary, Elbit Systems of America, LLC, has signed a definitive agreement with an affiliate of Cerberus Capital Management, L.P. for the acquisition of Sparton Corporation for a purchase price of $380 million.  

According to the comapny, the transaction is conditioned on various closing terms, including receipt of U.S. regulatory approvals, the pursuit of which could encompass a number of months.

Headquartered in De Leon Springs, Fla., Sparton Corporation is a developer, producer, and supplier of electronic systems supporting Undersea Warfare for the U.S. Navy and allied military forces.

Elbit Systems officials claim that the acquisition was a decision made with the intent to strengthen the company's naval portfolio. 

 
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