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Israel's defense company Rafael Advanced Defense Systems Ltd. has completed the acquisition of the British defense specialist company Pearson Engineering Ltd. The acquisition was executed under a stock purchase agreement (SPA), transferring 100% of the ownership. The acquisition includes Pearson's metalworks subsidiary company Responsive Engineering Ltd.
BAE Systems, Pearson Engineering and Thales UK have signed agreements with the German-Dutch ARTEC consortium, as partners for the production of BOXER. The agreement paves the way for significant local manufacturing of the vehicle and its systems in the UK, should the BOXER be selected by the Ministry of Defense as the British Army’s next generation Mechanised Infantry Vehicle (MIV).