TEL AVIV (Reuters) - Israeli defence electronics contractor Elbit Systems (ESLT.TA) (ESLT.O) said on Monday its wholly owned subsidiary Cyberbit raised $30 million from private equity investor Claridge Israel. Cyberbit provides cyber training and simulation technology as well as detection of cyber attacks and response. This investment will facilitate Cyberbit’s expansion of its sales and marketing operations, primarily in North America, enhance customer and partner support and boost development, Elbit said in a statement. “We see the cyber security field as a growth engine,” Elbit CEO Bezhalel Machlis said. Reporting by Tova Cohen; Editing by Tova Cohen
Cyberbit, a subsidiary of Israel’s defence electronics contractor Elbit Systems, has secured investment of $30m from private equity investor Claridge. The company is developing an advanced laser weapon system that can be used to shoot down enemy drones.