M&A

Elbit Systems' U.S. arm closes buy of Harris night vision unit

Elbit Systems’ U.S. subsidiary has closed its $350 million acquisition of the former Harris Corp. night vision technology business and kept the leader of that division in his current role.

Fort Worth, Texas-based Elbit Systems of America agreed in April to purchase the division from Harris, which both sought and was required by antitrust regulators to find another home for the estimated $150 million-$160 million revenue unit as a precondition for closing the merger with L3 Technologies.

Now L3Harris Technologies, the almost three-month-old company retained the legacy L3 night vision and electro-optical technology division. Both the legacy Harris and L3 night vision businesses count U.S. military, law enforcement, first responder and partner nation agencies as customers.

The now Elbit Systems of America-owned division is headquartered in Roanoke, Virginia and has nearly 500 employees. Elbit also retained Erik Fox as vice president and general manager of the business as he lead the unit for the previous five years at Harris.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.