Israel's Elbit Systems announced Thursday the acquisition of BAE Systems Rokar International from BAE Systems, the U.S. headquartered subsidiary of BAE Systems, for approximately $31 million. Cash held by Rokar is not included.
Located in Jerusalem, Israel, Rokar specializes in the development, manufacturing, integration, and support of high-end GPS receivers and guidance systems for advanced defense applications.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented "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."