The US subsidiary of Elbit Systems has completed the acquisition of the Night Vision business of L3Harris Technologies for a purchase price of US$350 million.
It is understood that US Department of State made the divestment of the Harris Night Vision business a condition of the merger between L3 and Harris to prevent the formation of a technological monopoly.
“The market position and technological strength of Harris Night Vision make this acquisition significant to our long-term growth strategy, with a particular focus on the US,” Bezhalel Machlis, Elbit Systems President & CEO, said. “We believe that the completion of this acquisition will be beneficial both for Elbit Systems and for Harris Night Vision’s customers and employees.”
“L3 Oceania is an Australian subsidiary of the recently merged L3 Harris Technologies,” a Defence spokesperson told ADM. “To enable the merger, Harris divested its night-vision business to the Israel-based Elbit Systems, maintaining future market diversity and competition.
“Sustainment and commercial arrangements to support the ADF’s leading edge night fighting capability are unchanged.”
“The merger between L3 Technologies and Harris Corporation (forming L3Harris) brings very strong advantages to the ADF and wider CoA,” Alan Callaghan, Managing Director of L3Harris Communications Australia said.
“L3Harris is the preferred supplier of both Tactical Combat Net Radios and Night Fighting Equipment (including soldier combat system components (Night Vision and laser & infrared aiming and rangefinder devices)) to the ADF, and the merger brings together these two critical combat enablers under one entity, expanding our in-country presence and providing a single focal point for the ‘Soldier System’.”