Tessera Defense to Acquire Majority Interest in RT LTA Systems Ltd.
What happened
Tessera Defense and Homeland Security Inc. announced it has been granted an option to acquire a majority interest in RT LTA Systems Ltd. RT LTA Systems Ltd. is an Israeli aerospace and security company that manufactures persistent airborne surveillance and communications systems for various applications. The company reported having approximately $15 million in backlog as it enters 2027.
From manilatimes.net
Why it matters
The acquisition involves RT LTA Systems Ltd., which develops tethered aerostat systems used for intelligence, surveillance, and reconnaissance, border protection, and strategic-site security. These systems have accumulated over six million operational hours worldwide, indicating established market use.
From manilatimes.net
Who's involved
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The entities involved
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Netanya
city in Israel
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