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Rafael Acquires PVP Advanced EO Systems

Strategic Investment Programme in US Continues

Rafael Advanced Defense Systems Ltd has completed the acquisition of PVP Advanced EO Systems, Inc. (PVP AEO) through its US subsidiary, Rafael USA, Inc, the company announced on 3 June.

Located in Tustin, CA,  PVP AEO specializes in the development, manufacture and sustainment of electro-optical (EO) systems for air, land, sea and critical homeland security applications and is active in the North and South American, Asian and Middle Eastern markets. Rafael USA is based in Bethesda, MD, and provides the hub for all Rafael operations in the US.

This acquisition is part of Rafael’s continued strategic investments, with the purpose of transferring cutting-edge state-of-the-art technologies, products and systems into the United States in support of US national security“, commented Yoav Har Even, Rafael President and CEO. “Until recently, most of Rafael’s operations in the US were in partnership with US Tier-1 prime contractors, while the majority of workshare was manufactured in Israel. PVP AEO will complement and enhance engineering and manufacturing capabilities stateside, while strengthening our US supply chain to better support our prime contractors and US warfighters.

PVP AEO is committed to continue supporting its existing and emerging customers. This acquisition provides the opportunity to enhance and create new products and capabilities. For PVP AEO employees and families, this venture means stability, growth and well-being. It will create more jobs for PVP AEO, as well as for its nation-wide supply chain,” observed Bruce Ferguson, President and CEO. “PVP AEO retains its identity, brand, products, technologies, services, personnel, culture, management and charitable community giving.

The acquisition of PVP AEO continues a significant period of growth for Rafael USA, including: the standing of RSGS, a subsidiary that received its classified clearance earlier this year; the expansion of its C4ATS manufacturing subsidiary, which specializes in assembly and procurement; and R2S, a Joint Venture with Raytheon Technologies, specializing in manufacturing and testing.

This is an exciting time for Rafael in the US. In recent years we have seen increased US customer interest and growth in sales. We are excited to match that with an increase in our US industrial base, to support customers and create US jobs,” stated Azarel Ram, President and CEO of Rafael USA Inc. “The acquisition of PVP Advanced EO Systems represents a major step in our growth process that will help ensure we can both meet customer needs as well as increase our US manufacturing footprint for sales to the US, Israel, and other allies.

PVP AEO’s range of advanced electro-optical systems finds a wide variety of applications. (PVP AEO)

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