Elbit Systems to reorganize CYBERBIT business
Elbit Systems Ltd. announced on September 18 that it will reorganize the business of CYBERBIT Solutions Ltd., its wholly-owned subsidiary. The defense Cyber Intelligence and Cyber Security business will be integrated with Israel-based Elbit Systems Land and C4I Division and the commercial cyber business will continue to operate under CYBERBIT Ltd. The reorganization will become effective as of January 1, 2018.
Elbit Systems recognized a growing demand for cybersecurity and cyber intelligence in the defense sector as the modern battlefield requirements are shifting from C4I (command, control, communications, computers and intelligence) to C5I, with the addition of the cyber dimension. Elbit Systems Land and C4I Division offers synergistic value in these areas and many years of operational experience to best meet these market needs, according to the company.
Elbit Systems reports that CYBERBIT’s commercial business has grown, and in order to maintain this growth and to be customer-oriented to its unique markets (financial sector, infrastructure security, etc.) the company decided to focus its commercial efforts under the CYBERBIT brand.
Bezhalel (Butzi) Machlis, president and CEO of Elbit Systems, said, “We are witnessing substantial growth in both the defense cyber and commercial cyber sectors and we anticipate to further broaden the activities of each sector separately.” Machlis added, “The reorganization will enable us to better deal with future challenges of each growing market, to best match our offerings and to position ourselves as global leaders in each field.”
Source: Elbit Systems