Elbit Systems (ESLT) Acquires BAE Systems Rokar

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today the acquisition of BAE Systems Rokar International Ltd. ("Rokar") from BAE Systems, Inc., the U.S. headquartered subsidiary of BAE Systems plc (LON: BA) for approximately $31 million net of any cash in Rokar.

Located in Jerusalem, Israel, Rokar specializes in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: "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."

You May Also Be Interested In

• Tavia and Vita Inclinata sign LOI for $450M SPAC merger
• Goldman Sachs Reiterates Buy Rating on O'Reilly Automotive (ORLY)
• Light & Wonder to report Q2 results Aug. 4, reaffirms FY26 outlook