Elbit Systems Completes Acquisition Of Shiron SatComms

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by Staff Writers
Haifa, Israel (SPX) Feb 25, 2009
Elbit Systems has announced, further to its announcement on January 8, 2008, that its wholly-owned Israeli subsidiary, Elbit Systems Land and C4I-Tadiran ("ESLC-T") acquired all of the shares of Shiron Satellite Communications (1996) Ltd. ("Shiron"), a privately-owned Israeli company, for a purchase price of $16 million.

Shiron is engaged in the broadband communication market. Its solutions are suited for the growing interactive multimedia broadband satellite market.

Shiron's InterSKY satellite communications system provides broadband satellite services to remote locations Shiron's technology, well proven in the commercial market, is anticipated to be synergetic to the communication technology developed and implemented in ESLC-T's military systems and products.

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ILS And AsiaSat Announce Proton Launch Of AsiaSat 5 Satellite

Reston VA (SPX) Feb 25, 2009
International Launch Services (ILS) and Asia Satellite Telecommunications (AsiaSat) have announced a contract for the launch of AsiaSat 5 satellite on an ILS Proton.

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