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Israeli Elbit's Cyclone gets $19 mln Boeing order

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midastouch017 Member Profile midastouch017  
Monday, October 23, 2006 5:26:03 AM
Re: None Post # of 420 
Israeli Elbit's Cyclone gets $19 mln Boeing order
Mon Oct 23, 2006 4:56am ET

TEL AVIV, Oct 23 (Reuters) - Israel's defence contractor Elbit Systems Ltd. (ESLT.O: Quote, Profile, Research) (ESLT.TA: Quote, Profile, Research) said on Monday its subsidiary Cyclone Aviation Products Ltd. won a $19 million contract from Boeing Co. (BA.N: Quote, Profile, Research).

The contract for structural components for Boeing's F-15 aircraft is for delivery in 2008 and 2009.

The contract is for the supply of components including detachable fuel tanks, pylons, horizontal stabilisers and gun access doors.

"We believe this contract will pave the way for further business in this fast-growing market," Yoram Shmuely, co-general manager of airborne and helmet systems at Elbit, said in a statement.
Shares in Elbit were up 1.8 percent in morning trade, outpacing gains in the broader Tel Aviv market.

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061023:MTFH26868_2...


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