The presently disclosed subject matter includes a dynamically adaptable data acquisition system. The disclosed system comprises a receiver-processor module operatively connected to at least two antennas, each antenna configured and operable to obtain a respective type of data. Different data types can differentiate for example in the frequency range of the transmitted signals. The disclosed system is multipurpose as it is configured and operable to be switched between a plurality of different operational modes, wherein in each operational mode, the receiver- processor module operates for receiving and processing a certain type of data, received from a different antenna and thereby implement a certain type of data acquisition device. The system is designed such that same components (e.g., amplifiers, converters, processors, controllers, etc.) are shared (also referred to herein as "shared components") in various operational modes to thereby reduce its size and weight.
