The Israeli defense electronics company will supply a European army with electro-optic equipment for infantry soldiers.
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that one of its subsidiaries in Europe was awarded a contract from a European country for the supply of thousands of advanced electro-optic (EO) systems for individual infantry soldiers. The deal is worth $35 million and the contract will be performed over two years.
Elbit Systems president and CEO Bezhalel (Butzi) Machlis said, "We are encouraged by the growing demand from European customers and believe that our wide portfolio positions us well to serve their needs."
Published by Globes [online], Israel business news - www.globes-online.com - on July 5, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017
Elbit Systems sights