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TT Electronics Plc has acquired the power and control business of Ferranti Technologies Ltd. from Elbit System UK Ltd. for £9 million in cash. The acquisition is expected to be accretive to earnings and generate cost synergies.
Elbit Systems UK Ltd. was awarded a $100 million contract by Babcock International Group Plc to provide the Royal Navy with new Electronic Warfare capabilities under the MEWSIC Program, to be performed over 13 years.
Elbit Systems UK Ltd. has been awarded an initial contract of $13 million and a potential maximum value of $52 million from the UK Ministry of Defense to provide its MORPHEUS Battlefield Management Application.