Elbit Systems Acquires Sparton for $380 Million

Undersea Warfare Specialist Will Strengthen Elbit’s Naval Offerings

Elbit Systems of America has signed a definitive agreement with Cerberus Capital Management for the acquisition of Sparton Corporation, the Israeli parent company announced on 23 December.

The purchase price is quoted as being $380 million (€311 million) and the transaction is conditional on a variety of closing conditions, including receipt of US regulatory approvals, which could take several months. Headquartered in De Leon Springs, FL, Sparton is a premier developer, producer and supplier of electronic systems supporting undersea warfare, including sonobuoys and payload delivery and detection systems, numbering the US Navy and allied navies among its customers.

Bezhalel Machlis, President & CEO of Elbit Systems, stated “The acquisition of Sparton will strengthen Elbit Systems of America’s capabilities and will enable expansion of activities in the naval arena. We believe this acquisition will be beneficial for both Elbit Systems’ and Sparton’s employees and customers.” 

Publish date

12/24/2020

Sign up to our newsletter and stay up to date.

News

Air

C4ISR

Components / Systems

Cyber

Defence Business

Homeland Security

International Security

Land

Latin America (Spanish)

Logistics

Naval

Training & Simulation

Space

Special Forces

Unmanned

Publications

Contact Us

Contact Info

Mönch Verlagsgesellschaft mbH
Christine-Demmer-Straße 7
53474 Bad Neuenahr – Ahrweiler

+49 2641 3703 – 0

+49 2641 3703 – 199

Follow On

X