Elbit Systems Acquires EORD
Elbit Systems Acquires Electro Optic
Research and Development Company Ltd.
Press Release
Haifa, Israel, June 30, 2008 - Elbit Systems Ltd.
(NASDAQ:ESLT) announced the acquisition of all of
the shares of Electro Optic Research and Development
Company Ltd. ("EORD") from their former shareholders,
Technion Research & Development Foundation Ltd.
and Bynet Electronics Ltd., for a purchase price amount
not material to Elbit Systems.
EORD is an Israeli company, engaged in
research and development of acoustic and
seismic sensors and systems for military
and security applications.
About Elbit Systems
Elbit Systems Ltd. is an international
defense electronics company engaged in
a wide range of defense-related programs
throughout the world. 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 ("C4ISR"), unmanned air vehicle
(UAV) 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.
Back to Magazine