Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) unit El-Op Ltd. are delivering highly sensitive intelligence systems to the Turkish Air Force, Israeli daily newspaper "Maariv" reported today.
The systems will be delivered in the next few weeks to Turkey, despite the deterioration in relations between Israel and Turkey, because the contract was signed before the diplomatic crisis between the two countries following the flotilla to Gaza last year.
Israel reportedly fears that Turkey may pass on the technology behind the system to a third party, possibly a hostile country. The system can scan areas of dozens of square kilometers from a long distance even during difficult weather conditions and at night.
The contract is worth about $100 million to the Israeli companies.
Published by Globes, Israel business news - www.globes-online.com - on May 15, 2011
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