M&A Deal Summary

Elbit Systems Acquires L3 Harris Technologies - Harris Night Vision

On April 5, 2019, Elbit Systems acquired safety/security company L3 Harris Technologies - Harris Night Vision from L3Harris for 350M USD

Acquisition Highlights
  • This is Elbit Systems’ 1st transaction in the Safety/Security sector.
  • This is Elbit Systems’ largest (disclosed) transaction.
  • This is Elbit Systems’ 4th transaction in the United States.
  • This is Elbit Systems’ 1st transaction in Virginia.

M&A Deal Summary

Date 2019-04-05
Target L3 Harris Technologies - Harris Night Vision
Sector Safety/Security
Buyer(s) Elbit Systems
Sellers(s) L3Harris
Deal Type Divestiture
Deal Value 350M USD

Target

L3 Harris Technologies - Harris Night Vision

Roanoke, Virginia, United States
L3 Harris Technologies, Inc. - Harris Night Vision is a premier developer, producer and supplier of night vision technology for the U.S. and allied military and security forces and for the federal homeland security market.

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Buyer(S) 1

Buyer

Elbit Systems

Haifa, Israel

Category Company
Founded 1966
Sector Electronics
Employees19,000
Revenue 6.0B USD (2023)
DESCRIPTION

Elbit Systems is a defense electronics company, engages in the design, development, manufacture, and integration of defense electronic systems and products worldwide. Elbit Systems was founded in 1966 and is headquartered in Haifa, Israel.


DEAL STATS #
Overall 5 of 6
Sector (Safety/Security) 1 of 1
Type (Divestiture) 3 of 4
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Universal Avionics Systems

Tucson, Arizona, United States

Universal Avionics Systems Corp. is a manufacturer of innovative avionics systems for business jets, turboprop aircraft, transport aircraft, helicopters, regional and commercial airliners used by corporate, military and airline operators. Universal Avionics Systems was founded in 1981 and is based in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 BAE Systems Rokar International

Haifa, Israel

BAE Systems Rokar International specializes in the development, manufacture, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications. BAE Systems Rokar International was founded in 1981 and is based in Haifa, Israel.

Buy $31M

Seller(S) 1

SELLER

L3Harris

Melbourne, Florida, United States

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.


DEAL STATS #
Overall 12 of 23
Sector (Safety/Security) 1 of 2
Type (Divestiture) 11 of 22
State (Virginia) 2 of 2
Country (United States) 12 of 23
Year (2019) 1 of 1
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-14 L-3 Communications

New York, New York, United States

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 L3Harris Technologies - Security Detection and Automation Business

Tewksbury, Massachusetts, United States

L3Harris' Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. With headquarters in Tewksbury, Mass. and Luton, England, the combined businesses have 1,200 employees and a global sales and services operations footprint with more than 20,000 systems deployed world-wide across more than 100 countries.

Sell $1.0B