[Satellite Today 02-25-09] Elbit Systems has completed the acquisition of Shiron Satellite from Polar Communications for $16 million, Elbit announced Feb. 24.
Polar Communications, which owned 47.4 percent of Shiron, said it will record a profit of 22 million shekels ($5.3 million) in the first quarter of 2009 as a result of the deal. Bank Leumi and a number of private investors, venture capital funds and the founders also held shares in Shiron.
Elbit said it believes that Shiron’s broadband solutions technology will be synergetic to the communication technology developed and implemented in its military systems and products.
Elbit Completes Acquisition of Shiron Satellite
Space Force Awards $3.2 Billion to 12 Companies for Space-Based Interceptor Work
The Space Force announced 12 companies have won contracts totaling up to $3.2 billion to prototype technologies for space-based interceptors in support of the Golden Dome initiative. Space Force’s Space […]
Trending Now
-
Government/MilitaryIs Europe Moving Fast Enough to Close its Space Defense Gaps?
-
Government/MilitaryCanada Cancels WildFireSat Constellation Contract With Spire
