Remaining Businesses Integrated into UK Subsidiary

Elbit Systems UK Ltd  has sold the Power and Control Business of its subsidiary Ferranti Technologies Ltd to TT Electronics (UK) Plc for approximately $12 million in cash, subject to customary post-completion working capital adjustments, the company announced on 10 January.

The remaining business of Ferranti, including training and simulation, avionics, display systems, aircrew survival systems, platform protection and computing, are planned for integration into Elbit Systems UK.

“This reorganisation is part of our strategy to focus activities on certain areas in order to support the continuous expansion of our operations and collaborations in the UK,” stated Martin Fausset, CEO of Elbit Systems UK.