Elbit Systems (Nasdaq: ESLT; TASE: ESLT) has been awarded a contract worth approximately $40 million by the Israeli Ministry of Defense to supply the Skylark I LE mini-UAVs for all Israel Defense Forces (IDF) Ground Forces battalions, including training and logistics support.
Elbit first announced on December 16, 2008 that it would supply Skylark UAVs to IDF ground forces battalions. At the time, the contract was estimated to be worth tens of millions of dollars, an estimate that has now been confirmed.
Elbit said the project would be delivered over the next few years, subject to the IDF's requirements and procurement process.
During its recent Operation Cast Lead in Gaza, the IDF used its already operational Skylark mini-UAV family in gathering intelligence and enhancing collaboration between the different operating forces.
Published by Globes [online], Israel business news - www.globes.co.il - on January 26, 2009
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