Elbit wins $15m intelligence systems contract in Asia

The company will supply its Wise Intelligence Technology within 18 months.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a $15 million contract from an Asian government to supply its Wise Intelligence Technology (WiT) system. The system will be supplied within 18 months.

WiT supports every stage of the intelligence and investigation process, including the collection of the data from multiple sources, databases and sensors, processing of the information, supporting intelligence personnel in the analysis and evaluation of the information and disseminating the intelligence to the intended recipient.

Elbit Systems Land and C4I general manager Bezhalel Machlis said, "We are proud to be selected to perform this sophisticated project, based on a system which is one of the few solutions to be field-proven, fully operational and customizable. The new award follows other highly advanced data management systems developed by Elbit Systems, including the IDF Digital Army Program and other various information management systems and we hope that additional customers will follow in selecting our IT systems as their preferred solution."

Elbit Systems' share price rose 2.2% on Nasdaq yesterday to $43.58, giving a market cap of $1.86 billion, and rose x% in morning trading on the TASE to NIS 163.30.

Published by Globes [online], Israel business news - www.globes-online.com - on October 17, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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