Rafael deepens EO presence in US
PVP Advanced EO Systems'Night Hawk HD System is increasingly used by the US military in systems to detect, track and counter Drones. (Image: PVP Advanced EO Systems)
Rafael continues to expand in the US, most recently with the acquisition of an EO surveillance specialist for an undisclosed sum.
Rafael Advanced Defense Systems has completed the acquisition of PVP Advanced EO Systems Inc through its US-based subsidiary Rafael USA.
The acquisition was executed under a stock purchase agreement, whereby 100% of the stock was transferred to Rafael USA.
PVP Advanced EO Systems specificities in the development, manufacturing and sustainment of EO systems for air, land, sea and critical homeland security applications.
Recent programmes the company undertook include Integrated Fixed Towers and Mobile Video Surveillance Systems for US Customs and Border Patrol on the southern border.
Although the details of the acquisition have not been released, the company information database Buzzfile estimates that PVP Advanced EO Systems generates $14.7 million in annual revenues.
Yoav Har Even, President and CEO at Rafael, commented on the acquisition’s importance: ‘Until recently… the majority of workshare was manufactured in Israel. PVP AEO will complement and enhance engineering and manufacturing capabilities stateside’.
The acquisition of PVP AEO follows a period of growth for Rafael USA during which time a subsidiary received its classified clearance, its C4ATS manufacturing subsidiary expanded and it entered into a JV with Raytheon called R2S.
More from Defence Notes
-
![US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness]()
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?]()
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]()
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]()
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]()
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.
