Elbit Systems has announced that its UK subsidiary, Elbit Systems UK Ltd. has sold the Power and Control Business of its subsidiary Ferranti Technologies Ltd. to TT Electronics (UK) Plc. for approximately US$12M (approximately £9M) in cash, subject to customary post-completion working capital adjustments.
The remaining business of Ferranti, including training and simulation, avionics, display systems, aircrew survival systems, platform protection and computing, are planned to be integrated into Elbit Systems UK.
JH
