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Elbit Systems Ltd (via Public) / Elbit Systems U S Subsidiary Completes the Acquisition of Sparton Corporation

Elbit Systems Ltd (via Public) / Elbit Systems U S Subsidiary Completes the Acquisition of Sparton Corporation
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Chris Cavanaugh to Become Chief Executive Officer of the IMAGINE Group

Chris Cavanaugh to Become Chief Executive Officer of the IMAGINE Group Transformational leader with more than 35 years of experience in operations, client engagement, and innovative technology solutions News provided by Share this article Share this article MINNEAPOLIS, April 6, 2021 /PRNewswire/ The IMAGINE Group ( IMAGINE or the Company ), a leading provider of visual communications, today announced that Chris Cavanaugh will assume the role of Chief Executive Officer and join the Company s Board of Directors, effective April 14, 2021. This completes a comprehensive succession plan, led by the Board with the assistance of Craig Reese, current IMAGINE CEO. Mr. Reese will remain an advisor to Mr. Cavanaugh and the Board through the end of the year.

Elbit Systems Completes Acquisition Of Sparton For

Image courtessy Elbit Systems Ltd. Elbit Systems Ltd. announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation from an affiliate of Cerberus Capital Management, L.P. for a purchase price of $380 million. The closing follows receipt of all the required approvals, including receipt of U.S. Government and regulatory approvals. Headquartered in De Leon Springs, Florida, U.S., Sparton is a developer, producer and supplier of systems supporting Undersea Warfare for the U.S. Navy and allied military forces. Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “The growing importance of the maritime arena and the market position and technological strength of Sparton make this acquisition significant to our long-term growth strategy, with a particular focus on the U.S. We believe that the completion of this acquisition will be beneficial for both Elbit Systems’ and Sparton’s employees and customers.”  

Elbit America buys sonobuoy maker Sparton from Cerberus

Elbit America buys sonobuoy maker Sparton from Cerberus
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