On the Record · Elbit Systems
Elbit Systems acquisitions, on the record
The businesses Elbit Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
subsidiaries and business operationsWord for word“Net cash flow used in investing activities in 2023 was approximately $211 million, which was used mainly for the purchase of property, plant and equipment in the amount of $187 million and acquisitions of subsidiaries in the amount of $10 million.” 20-F for 2023 | acquisition | — | $10 million |
Sparton Corporation (Sparton)Word for word“Sparton DeLeon Springs, LLC (Sparton DeLeon Springs), a subsidiary of Elbit Systems of America and Sparton Corporation (Sparton), which was acquired by Elbit Systems of America in 2021, is a party to and operates under a Proxy Agreement to which Elbit Systems of America, Elbit Systems and the DoD are also parties.” 20-F for 2023 | acquisition | 2021 | — |
IMI Systems Ltd. (IMI)Word for word“The activities of IMI Systems Ltd., acquired in 2018, were integrated into Elbit Systems Land.” 20-F for 2023 | acquisition | 2018 | — |
Elite KL Ltd.Word for word“On February 29, 2024, the Company's subsidiary, Elbit Systems United Kingdom, sold its holdings in a wholly-owned subsidiary, Elite KL Ltd., for approximately $ 7,400 .” 20-F for 2024 | divestiture | On February 29, 2024 | approximately $ 7,400 |
Pacific Electronics Enterprises Inc. ("PEE")Word for word“On April 1, 2023, ESA completed the acquisition of 100 % of Pacific Electronics Enterprises Inc. ("PEE") for a purchase price of approximately $ 10,000 .” 20-F for 2024 | acquisition | On April 1, 2023 | approximately $ 10,000 |
Opgal Industries Ltd.Word for word“On April 1, 2022, the Company completed the acquisition of 100 % of an Israeli affiliated company, Opgal Industries Ltd. previously held by the Company at 50 %, for a purchase price of an amount of approximately $ 8,000 .” 20-F for 2024 | acquisition | On April 1, 2022 | approximately $ 8,000 |
a Swiss company (unnamed)Word for word“On November 1, 2022 , the Company completed the acquisition of 100 % of a Swiss company, for a purchase price of approximately $ 24,000 , of which approximately $ 21,000 is contingent consideration, which may become payable on the occurrence of certain future events.” 20-F for 2024 | acquisition | On November 1, 2022 | approximately $ 24,000 |
IMI Systems Ltd. and its subsidiaries (IMI)Word for word“On November 25, 2018, the Company completed the acquisition of 100 % of the interests in an Israeli company, IMI Systems Ltd. and its subsidiaries (collectively: “IMI”), for a total nominal consideration of approximately $ 520,000 (approximately NIS 1,900 million).” 20-F for 2024 | acquisition | On November 25, 2018 | approximately $ 520,000 (approximately NIS 1,900 million) |
UAV Tactical Systems Ltd. (U-TacS)Word for word“For example, in 2025 we entered into an agreement to acquire the remaining equity interest in UAV Tactical Systems Ltd. (U-TacS), which was executed in 2026.” 20-F for 2025 | agreed acquisition | in 2025 | — |
Robo-Team Holdings Ltd.Word for word“In 2025 C4I and Cyber sold its shares in Robo-Team Holdings Ltd.” 20-F for 2025 | divestiture | In 2025 | — |
remaining 49 % equity interest in the U.K. SubsidiaryWord for word“On December 31, 2025 the Company completed the acquisition of the remaining 49 % equity interest in the U.K. Subsidiary that it previously held by a non-controlling interest.” 20-F for 2025 | acquisition | On December 31, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | $1.2 million |
| 2017-12-31 | $25.4 million | — |
| 2018-12-31 | $504.4 million | — |
| 2019-12-31 | $357.1 million | — |
| 2020-12-31 | −$218,000 | — |
| 2021-12-31 | $385 million | — |
| 2022-12-31 | $12.4 million | — |
| 2023-12-31 | $10.4 million | — |
| 2024-12-31 | $0 | — |
| 2025-12-31 | $0 | — |
Read from Elbit Systems’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.