Diehl Defence signed an agreement with the South African company Rippel Effect Systems (PTY) Ltd. covering joint marketing of grenade launcher systems. The agreement initially focuses on qualification of Diehl’s new 40 mm – Medium Velocity ammunition for the grenade launchers XRGL40 and UBL40 of the weapon specialist from Pretoria.
The agreement paves the way for the two companies offering complete weapon systems, consisting of the grenade launcher and ammunition, in certain core markets.
Analysis: Elbit Systems of America, a subsidiary of Elbit Systems and the Harris Corporation have agreed to move forward with the acquisition of Harris’ Night Vision business for $350 million. The acquisition of Harris' night vision business opens a huge market for Elbit Systems, both domestic and international. Over 50 years Harris and its predecessors Exelis and ITT have established their night vision systems as the market leader. But with the planned merger between Harris and L3 Technologies, Inc., the night vision systems business becomes redundant under the combined portfolio.