Elbit Systems of America seals Sparton deal
The Erapsco JV between Sparton and Ultra Electronics produces sonobuoys for the USN. (Photo: Sparton)
Elbit subsidiary expands further into the US market with a new acquisition.
Elbit Systems announced on 6 April that it is undergoing a ‘significant expansion’ in the US, after its subsidiary Elbit Systems of America completed a $380 million acquisition of Sparton Corporation.
Sparton provides anti-submarine and undersea warfare solutions to the USN as a Tier 1 supplier; for instance, in 2019 its Erapsco JV with Ultra Electronics was awarded a sonobuoy contract worth up to $1.04 billion from the USN.
Sparton also supplies ruggedised flat panel displays to the USN via its Aydin Displays division.
‘Demand for our undersea warfare products is increasing as a result of a heightened threat environment in both the Indo-Pacific and Atlantic,’ noted Sparton president Bill Toti.
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