Elbit Systems to Buy Sparton for $380 Million
Israel-based international defense electronics company Elbit Systems has signed an agreement to buy maritime defense contractor Sparton for $380 million. Elbit said Wednesday that its U.S. subsidiary Elbit Systems of America had signed a definitive agreement with an affiliate of Cerberus Capital Management, L.P. for the acquisition of Sparton. Sparton Parent, Inc.—formerly known as Striker Parent 2018—an affiliate of Cerberus Capital Management, L.P. bought Sparton in March 2019.The Elbit transaction is conditioned on various closing conditions, including receipt of U.S. regulatory
Turkey to Produce First Marine Missiles
Turkey's Defense Industry Directorate (SSB) has signed a deal with missile manufacturer Roketsan for the mass production of the country's first marine missiles, the SSB said on Friday.In a statement, the SSB also said Turkish defense electronics company Aselsan would produce launch control systems and other equipment for the missiles, which will be called ATMACA.(Reporting by Tulay Karadeniz; Writing by Tuvan Gumrukcu; Editing by Daren Butler)
SeeByte Host UK Defense Secretary Fallon
U.K. Defense Secretary Michael Fallon has met with leading Scottish based companies that are bringing cutting edge technology to the front line. Fallon visited SeeByte, a software SME and Finmeccanica Airborne and Space Systems Division, Edinburgh, a defense electronics, communications and radar company. SeeByte provides the MOD with software that pilots its underwater unmanned vehicles (UUVs). The firm, which employs 61 people, was awarded a £1.1 million contract in December 2014 by the MOD, and has since integrated its software onto three Iver3 underwater unmanned
Teledyne Takes Stake in AUV Designers Ocean Aero
solar, complement Teledyne’s battery-powered Gavia AUVs and market-leading autonomous gliding vehicles using buoyancy-based propulsion.” About Teledyne Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. www.teledyne.com.
Market and Technology Trends in Underwater Sensors & Instumentation
acquired 26 firms: in 2005, Cougar Components, RD Instruments, Benthos; in 2006 Rockwell Scientific, Ocean Design, CollaborX; in 2007, D.G. O’Brien, Tindall Technologies, Judson Technologies; in 2008, Impulse Enterprise, TSS International, Judson Technologies, Webb Research, Filtronic Plc (defense electronics), Cormon, Odom Hydrographic Systems, Demo Systems; in 2010, Optimum Optical Systems, Intelek plc, Hafmynd (Gavia’s AUV maker), DALSA Corporation, and Nova Sensors. In 2012, Le Croy, PDM Neptec, Blueview Technologies, and VariSystems were acquired by Teledyne Technologies. (As
February 2024
