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Harris Night Vision Acquisition – a Big Deal for Elbit Systems
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.