Elbit Systems' U.S. arm completes $380M Sparton buy

Elbit Systems’ U.S. subsidiary has completed its $380 million acquisition of Sparton Corp., a maker of electronic systems and sonobuoys for the Navy and other allied military organizations.

Now owned by Elbit Systems of America, Sparton De Leon Springs will operate as a subsidiary of its acquirer with an independent board of directors so it can focus on undersea business activities at higher levels of sensitivity, Elbit Systems of America said Tuesday.

The new proxy board members are veteran defense sector executives Kenneth Krieg and Brett Lambert, plus retired Navy admiral Timothy Keating. Sparton CEO Bill Toti remains president of Sparton De Leon Springs.

Elbit Systems of America already operates under a special security agreement with the Defense Department so the company can pursue certain classified programs.

Sparton’s Aydin displays and stealth divisions will operate under Elbit Systems of America’s existing security structure.

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 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

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.


contracts DB