Defense electronics firm Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) said today that it was awarded a contract to supply a Latin American Army with equipment as part of that army's modernization program.
The company estimates the deal to be worth about $130 million.
Elbit Systems will supply command, control, computer & communications (C4I) systems and electronic warfare (EW) systems. The project will be performed over the next three years.
According to Elbit, the technology will facilitate a real-time common operational picture of the battlefield providing the land forces with enhanced operational performance and situational awareness, as well as improved force protection and prevention of "friendly fire".
Elbit shares closed down 0.85% on Friday, at $50.13.
Published by Globes [online], Israel business news - www.globes-online.com - on June 20, 2010
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