Elbit Systems wins $390m contract with European country

Bezhalel Machlis

The contract is for the supply of intelligence capabilities, as well as communications and command and control solutions.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a contract worth approximately $390 million to supply an array of ground electronic intelligence capabilities to a European country.

The contract, which includes various intelligence capabilities, as well as communications and command and control solutions, will be performed over a three-year period.

Elbit Systems president and CEO said, "Our wide and synergetic range of capabilities allows us to provide our customers with a unique and high quality solution, creating a force multiplier. As in other projects, we once again are providing the customer with a unique intelligence solution, based on cutting-edge technologies, operational know-how and experience."

Shares in Elbit Systems are currently up 1.63% on the Tel Aviv Stock Exchange.

Published by Globes [online], Israel business news - www.globes-online.com - on May 28, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Bezhalel Machlis
Bezhalel Machlis
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