AEL will deliver the electro-optic systems as part of the first phase of Brazil's multiyear Sisfron Integrated Border Monitoring System.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) Brazilian unit AEL Sistemas SA has won a contract to supply electro-optic observation systems to Embraer Defesa & Segurança SA subsidiary Savis Tecnologia e Sistemas SA. Elbit Systems said that the contract's value was not material to the company.
AEL will deliver the electro-optic systems over a year, starting in 2014, as part of the first phase of Brazil's multiyear Sisfron Integrated Border Monitoring System. As part of the program, Elbit Systems will invest in assets, infrastructure and know-how in optronics in Brazil.
Elbit Systems president and CEO Bezhalel Machlis said, "We see great importance in this award, marking a breakthrough for our electro-optic activities in Brazil, which is a significant market for Elbit Systems. Sisfron is a leading global border security project."
Published by Globes [online], Israel business news - www.globes-online.com - on April 29, 2013
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