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.

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