Elbit Systems has revealed reorganisation plans of some parts of its business activities in a bid to boost value and performance.
The reorganisation will commence in the next few months and is expected to be completed next year.
The company will integrate the activities in the areas, namely Precision Guided Munition (PGM), Unmanned Aircraft Systems (UAS), Electro-Optical (EO) systems, Electronic Warfare (EW) and Signal Intelligence (SI).
Activities of PGM will be brought under Elbit Systems’ Land Division PGM portfolio and the UAS merged with the Elbit Systems Aerospace Division.
Additionally, the company will combine the activities of EO, EW and SI to form a ISTAR & EW Division.
In 2017, the company reorganised the business of its wholly owned subsidiary CYBERBIT Solutions to meet market requirements in both the defence and commercial sectors.
Last month, the company announced that it has faced reduced demand for products and services due to significant slowdown in commercial air traffic.
Earlier this month, Elbit Systems introduced a portable tactical satellite communications (SATCOM) system that will provide the armed forces with on-the-move secure communication capabilities.
Last month, Elbit Systems of America, the US subsidiary of Israeli defence company Elbit Systems, won a five-year contract to produce spare parts for Aviators’ Night Vision Imaging System Head-Up Display system (ANVIS HUD) of the US Army.