Elbit Systems acquires BAE Systems Rokar

Elbit Systems announced it has acquired BAE Systems Rokar International from BAE Systems, the US headquartered subsidiary of BAE Systems for approximately US$31 million net of any cash in Rokar. Located in Jerusalem, Israel, Rokar specialises in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defence applications. Bezhalel Machlis, Elbit Systems’ president and CEO, said: “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.” Elit Systems is an international high technology company engaged in a wide range of defence, homeland security and commercial programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defence, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Director of Sales Graham Joss at [email protected]