November 20, 2009 (FinancialWire) Elbit Systems Ltd.(NASDAQ: ESLT) said it has acquired the assets of BVR Systems Ltd. (OTCBB: BVRSF) for around $34 million.
Israel-based BVR Systems is engaged in the area of development and production of training, simulation and debriefing systems for air, sea and ground forces.
Israel-based Elbit Systems is a defense electronics company engaged in a range of defense-related programs.
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, unmanned air vehicle systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.
The company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.
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