Elbit
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Elbit System headquarters in Matam, Haifa technology park
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| Public | |
| Traded as | : ESLT NASDAQ: ESLT |
| Founded | 1966 |
| Headquarters | Haifa, Israel |
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Key people
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Michael Federmann (Chairman) Bezhalel Machlis (CEO and President) |
| Revenue | US$ 3.107 billion (2015) |
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Number of employees
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Approximately 12,000 (2013) |
| Subsidiaries |
Elbit Systems of America |
| Website | www.elbitsystems.com |
Elbit Systems of America
Elbit Systems Electro-Optics – Elop
Elbit Systems Land and C4I
Elbit Systems Ltd. is an Israel-based international defense electronics company engaged in a wide range of programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, signal intelligence ("SIGINT") systems, data links and communications systems and radios.
The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.
In 2013, Elbit Systems had approximately 12,000 employees, the majority of whom are engaged in engineering, research and development, and other technical areas.
Elbit Systems' shares are traded on the and OTC in the United States (NASDAQ:ESLT).
Elbit Systems was founded in 1966 by Elron Electronic Industries (: ELRN), which combined the existing expertise within the Israel Ministry of Defense-Research Institute in special computer design with Elron's experience in electronic product design, manufacture and management (initially under the name Elbit Computers). Elbit steadily expanded developing and producing logistic-support weapon delivery and navigation systems for most Israeli aircraft, establishing a combat avionics package for the IAI Lavi fighter aircraft, and producing a fire-control system for the Merkava tank.
In 1996, Elbit spun off into three independent companies:
In 2000, Elbit Systems merged with El-Op (a company controlled by the current Chairman, Michael Federmann), creating the largest non governmental defense electronics company in Israel and increasing Elbit Systems' value which later in 2004 enabled Elron to sell its shares in Elbit Systems for approximately $200 million. Following the merger with El-Op, Michael Federmann became the largest shareholder in the combined group.
Following the merger with El-Op, Michael Federmann and CEO Joseph Ackerman led an aggressive growth by acquisitions strategy.
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Wikipedia