Israeli protection electronics firm Elbit Techniques Ltd. (Nasdaq: ESLT; TASE: ESLT) introduced as we speak the acquisition of BAE Techniques Rokar Worldwide Ltd. from BAE Techniques, Inc. for $31 million web of any money in Rokar.
Rokar specializes within the growth, manufacture, integration, and assist of high-end GPS receivers and steerage methods for superior protection purposes. The corporate has 100 staff in its plant in Jerusalem’s Har Hotzvim.
Elbit Techniques president and CEO Bezhalel Machlis mentioned, “There may be rising demand for our networked precision hearth options. Rokar’s applied sciences are built-in in our options and the acquisition will additional improve our capabilities on this rising space of exercise.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 1, 2021
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