Overview
- The acquisition was announced and completed on Oct. 21–22, 2026, when Elbit said it bought Vancouver‑area International Submarine Engineering (ISE) for a price it called not material to the company.
- ISE, founded in 1974, has delivered more than 250 underwater vehicles to customers in over 20 countries and brings decades of experience in AUVs (autonomous underwater vehicles) and ROVs (remotely operated vehicles).
- Elbit plans to integrate ISE’s AUV and ROV platforms with its Seagull unmanned surface vessels, command-and-control software, sensors and electronic‑warfare systems to support underwater ISR, mine countermeasures (MCM) and anti‑submarine warfare (ASW).
- The deal follows Elbit’s strong financial results and large backlog, and it continues a wider industry trend of defense primes buying specialist autonomy firms to build multi‑domain naval systems.
- Watch for short-term steps such as technical integration, customer transitions and possible export or regulatory reviews, since Elbit has not disclosed integration timelines or further financial details.