Elbit Systems UK sells off power and control business
Elbit Systems UK has divested the Power and Control Business of its subsidiary Ferranti Technologies to TT Electronics for about £9 million ($12 million) in cash.
Elbit stated on 10 January that the remaining parts of the Ferranti business, including training and simulation, avionics, display systems, aircrew survival systems, platform protection and computing, are planned to be integrated into Elbit Systems UK.
‘This reorganisation is part of our strategy to focus activities on certain areas in order to support the continuous expansion of our operations and collaborations in the UK,’ said Martin Fausset, CEO of Elbit Systems UK.
The company’s UK operations include the Selborne training programme for the RN, the Dismounted Joint Fires Integrators programme for the British Army and the Joint Fires Synthetic Training initiative.
TT Electronics Power and Control specialises in ruggedised human-machine interfaces, power inverters and converters, energy storage solutions plus motor and generator control systems.
More from Defence Notes
-
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
Can the US overcome Russian and Chinese nuclear capabilities?
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
-
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.