Elbit Systems Acquires Canadian Underwater Drone Maker ISE
Translated & summarized from Mignews by baba
Israeli defense contractor Elbit Systems has acquired Canadian company International Submarine Engineering, a developer of underwater drones and systems. The acquisition aims to enhance Elbit's maritime capabilities for reconnaissance, surveillance, and anti-submarine warfare. ISE has delivered over 250 underwater vehicles globally. The financial terms of the deal were not disclosed, but it is considered not significant for Elbit Systems.
The story in 5 lines · by baba
- Elbit Systems acquired Canadian underwater drone maker International Submarine Engineering.
- ISE has over 50 years of experience and has supplied over 250 underwater vehicles.
- The acquisition will enhance Elbit Systems' maritime capabilities for various underwater operations.
- ISE is headquartered near Vancouver and has clients in over 20 countries.
- The financial terms of the deal were not disclosed by either company.
Israeli defense electronics firm Elbit Systems Ltd. has completed the acquisition of Canadian company International Submarine Engineering (ISE), which has over 50 years of experience in developing advanced autonomous and remotely operated underwater systems. ISE is headquartered near Vancouver and has supplied over 250 underwater vehicles to clients in more than 20 countries. The company specializes in autonomous underwater vehicles, remotely operated vehicles, and computerized control systems and robotics. While the financial terms of the deal were not disclosed, Elbit Systems stated that the acquisition cost is not significant for the Israeli corporation. This move is expected to significantly bolster Elbit Systems' maritime capabilities, integrating ISE's technologies for underwater reconnaissance, surveillance, mine countermeasures, and anti-submarine warfare. Elbit Systems, headquartered in Haifa, already possesses a portfolio of unmanned surface vessels, integrated command and control systems, electro-optical and sonar systems, and electronic warfare technologies. The integration of ISE's autonomous underwater technologies is anticipated to expand Elbit Systems' comprehensive maritime solutions in the global market. The company employs over 21,000 people worldwide.
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