Elbit Systems of America Completes Acquisition of Sparton Corporation
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HAIFA, Israel, April 6, 2021 /PRNewswire/ Elbit Systems of America, LLC ( Elbit Systems of America ) has completed the acquisition of Sparton Corporation ( Sparton ) from an affiliate of Cerberus Capital Management, L.P. for $380 million, subject to customary price adjustments, resulting in a significant expansion of Elbit Systems of America in the United States.
Sparton, with its 120-year history and decades of defense experience spanning from World War I to today, is a U.S.-based premier supplier of critical undersea warfare solutions to the U.S. Navy and its allies, as well as engineered products for the defense industry.
Elbit Systems of America completes Sparton acquisition for $380m
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Elbit Systems of America Completes Acquisition of Sparton Corporation
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