Elbit Wins $115 Million Electronic Warfare Contract

Israeli defense company Elbit Systems (NASDAQ: ESLT  ) 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.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2317722, ~/Articles/ArticleHandler.aspx, 4/19/2014 3:06:50 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement