Elbit Wins $115 Million Electronic Warfare Contract
Israeli defense company Elbit Systems subsidiary Elisra has won a $115 million contract from an unspecified Asian customer for the manufacture and delivery of multipurpose electronic warfare (EW) equipment. The award, which Elbit announced on Sunday, will be carried out over two years.
Elisra General Manager Edgar Maimon was quoted in the company press release as saying, "This award further attests to our position and recognition as a world leading supplier of EW systems. We are experiencing a growing global demand for various types of EW systems, and I trust that further customers will follow and select our advanced systems as their preferred solution."
The latest victory for Elbit comes following its full-year earnings release last week in which the company announced increased year-over-year revenue. Earlier in March, the company picked up orders for its Hermes 900 UAV as well as for logistics equipment.
The article Elbit Wins $115 Million Electronic Warfare Contract originally appeared on Fool.com.
Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
