Elbit Systems wins $300m Asia-Pacific deal

Bezhalel Machlis  photo: Tamar Matsafi
Bezhalel Machlis photo: Tamar Matsafi

The Israeli defense electronics company will provide command and control systems.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a $300million contract, for the supply of command and control systems to a customer in the Asia-Pacific region. The company said that the project will be performed over the next three years.

The announcement of this latest deal comes just 24 hours after the Haifa-based company announced that it had been awarded a $240 million contract by an African country to supply a range of equipment for its military. This is Elbit's largest ever deal in Africa.

Elbit Systems president and CEO Bezhalel Machlis said, "We are proud to be selected to provide a command and control solution, which is based on Elbit Systems cutting-edge technologies and operational experience. We are considered as one of the world’s leaders in the command and control field and we trust that other customers will follow this Asia-Pacific customer."

Published by Globes [online], Israel business news - www.globes-online.com - on September 27, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Bezhalel Machlis  photo: Tamar Matsafi
Bezhalel Machlis photo: Tamar Matsafi
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