Government/Military

Elbit Offers Stock Share Buyout of Shiron Satellite Communications

By Photo of Jeffrey Hill

[Satellite Today 01-09-09] Israeli defense contractor Elbit Systems signed a share purchase agreement with holders of more than 90 percent of Shiron Satellite Communications, Elbit announced Jan. 8.
    Elbit Systems Land, a subsidiary of Elbit, and C4I Tadiran offered to buy 100 percent of Shiron’s issued share capital for $16 million.
    Shiron, a privately owned Israeli company, develops satellite communications systems to provide broadband satellite services to remote locations.

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