Elbit Systems of America, which closed on its purchase of Harris' night vision business over the weekend, said Erik Fox, who has led the business for five years, will remain its chief.
Elbit Systems purchased the business, which Harris divested as part of its merger with L3 Technologies, for $350 million. L3Harris said over the weekend it will use the proceeds to pre-fund the company pension.
In a call with reporters today, Fox said the night vision business, headquartered in Roanoke, VA, has more than 500 employees. He noted the unit has had several key wins recently, including a Marine Corps binocular night vision goggles contract awarded earlier this month.
Raanan Horowitz, chief executive of Elbit Systems of America, said during the same call that he sees opportunities to incorporate the new unit's work with Elbit efforts already underway, pointing to the company's F-35 helmet-mounted display technology as an example.
Horowitz said the night vision business will continue to operate as it has, calling it a "well-run organization."
He noted the addition of the Harris business will bring the Elbit Systems of America's anticipated sales next year to more than $1.2 billion.
"Of course, we will continue to look at other potential acquisitions," Horowitz told reporters. He said Elbit is likely to focus on "specific portfolio areas that can augment the very broad set of technologies and capabilities we currently have."
L3Harris noted that, as part of the deal, it retained the L3 Warrior Mission Solutions business.