Elbit Systems of America Acquires ‘Sparton’ Undersea Warfare Systems Manufacturer
Sparton’s Hammerhead system
Elbit Systems of America announced today that it has completed the acquisition of Sparton Corporation (“Sparton”) 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 premier developer, producer and supplier of systems supporting Undersea Warfare for the U.S. Navy and allied military forces.