Elbit Systems wins long-term civilian avionics contract
The company did not disclose the name of the customer or the size of the anticipated revenue, but said that they would be substantial.
Roee Bergman 30 Oct 06 13:25
Elbit Systems (Nasdaq: ESLT; TASE: ESLT) has maintained the positive momentum in its business with an announcement today that it was awarded a contract to supply civil avionics systems. Elbit Systems said that it anticipates that the long-term contract will generate revenues aggregating to a material amount over a period of approximately ten years, but declined to state a specific figure
Last week Elbit reported that its subsidiary Cyclone Aviation Products Ltd. was awarded a $19 million contract by Boeing Co. (NYSE: BA) for structural components for its F-15 aircraft . Another subsidiary Tadiran Communications (TASE: TDCM) also recently won an $18 million contract in Africa.
Published by Globes [online], Israel business news - www.globes.co.il - on October 30, 2006