Elbit Systems completed the acquisition of the night vision business of Harris Corporation for $350m.

US subsidiary of Elbit Systems, an Israel-based international defense electronics company, completed the acquisition of the night vision business of Harris Corporation, a leading technology innovator, for $350m. The transaction is conditioned on completion of Harris' proposed merger with L3 Technologies, as well as customary closing conditions, including receipt of regulatory approvals. "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 Elbit Systems of America has a proven track record of providing high performance solutions and support services to the US defense and homeland security markets. We believe that the completion of this acquisition will be beneficial both for Elbit Systems and for Harris Night Vision's employees and customers," Bezhalel (Butzi) Machlis, Elbit Systems President & CEO.