Elbit Systems and Grob Aircraft AG to Partner in the Development of the G-120TP Family of Trainers Combining Grob's extensive aircraft design experience and Elbit Systems' advanced avionics capabilities and leadership in the global training market Defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) joined German aircraft manufacturer Grob Aircraft AG in the development of new trainer aircraft the G 120TP.
The G 120TP will have three configurations - a Side-by-Side Aircraft, a Tandem-Seat Aircraft and a Four-Seat Aircraft.
The plane will be manufactured by Grob, and will feature an Elbit Systems avionic suite which includes a glass cockpit with a high level of mission simulation capability incorporating Virtual Tactical Training.
Grob Aircraft AG, based in the southern Region of Bavaria, is a subsidiary of H3 Aerospace which is privately owned by a Munich based group of investors.
Elbit Systems shares were down about 0.36% in early afternoon Nasdaq trading, reaching $49.60 per share.
Published by Globes [online], Israel business news - www.globes-online.com - on July 19, 2010
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