from the March 2017 issue

Elbit Systems wins $100M contract from Israel Ministry of Defense

Elbit Systems (NASDAQ:ESLT) was awarded an approximately $100M contract by the Israeli Ministry of Defense for the supply of advanced radio systems over the course of five years.

In addition, Elbit Systems is expected to receive additional order to provide repair and maintenance services for 15 years.

Bezalel (Butzi) Machlis, President and CEO of Elbit Systems, noted: "We are very proud of this award, reinforcing our strategic partnership with the city of Arad on the one hand and with the IDF on the other. Employing 100 workers in Arad is in line with Elbit Systems' strategy to enhance our presence in Israel's peripheral areas. We have many years of experience in managing outsourcing projects in Israel and abroad, in radio communications as well as other military fields, and I am confident this experience will enable us to provide the IMOD with a top quality highly operational solution for a cost effective price."

Reprinted from the Israel High-Tech & Investment Report March 2017

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