Cash and Carry: Veritas Capital to pay $815 million in cash for Lockheed Martin’s Enterprise Integration Group, a supplier of engineering and management services to US DoD and other US federal agencies.
Catching a Wavestream: Israel’s Gilat Satellite Networks agrees to pay $130 million for Wavestream, a San Dimas, CA-based maker of high-power solid state amplifiers for the defense and broadcast satellite markets.
Elbit Systems of America, LLC recently announced a 5-year, $68 million indefinite-delivery/ indefinite-quantity follow-on contract from the U.S. Army Contracting Command in Huntsville, AL. Elbit will supply the U.S.Army, Navy, Marines Corps and Coast Guard with its AN/AVS-7 Aviator’s Night Vision System/Head-Up Displays (ANVIS/HUD) and components, including the latest Flat Panel Day and Night Head-Up Display units. An initial delivery order for $23 million has been received under this contract, which replaces the expiring 5-year, $75 million IDIQ contract awarded in September 2005.
ANVIS/HUD has been used by the US military since the mid-1990s, and has equipped more than 5,000 helicopters belonging to 20 countries. Integrated platforms include the H-60 series, CH-46, CH-47, CH-53, V-22, AH-1, UH-1, Super Puma, Cougar, Korea’s KUH Surion, and others. Elbit also offers the IHADSS system for AH-64 and A-129 attack helicopters, and their new HeliDASH system is a higher end choice. Their major competitor these days is Thales’ TopOwl, in service with the Eurocopter Tiger, South Africa’s Rooivalk attack helicopter, NH90 variants, and the USMC’s forthcoming UH-1Y and AH-1Z helicopters.