Elbit Security Systems will supply and install a perimeter security system.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) subsidiary Elbit Security Systems Ltd. has won an contract from Israel Ports Development & Assets Company Ltd. to supply and install a perimeter security system at Haifa Port Company Ltd. The contract is small and immaterial for Elbit Systems.
The perimeter system will include the Haifa Port's the chemicals terminal, as well as the Kishon port and Shavit fishermen dock. The system includes an advanced command and control system which will enable the interoperability of various security systems, including surveillance, closed-circuit TV, electric fences, and image processing capabilities. The port's current systems will be linked with the new system through the Haifa Port Security Center.
Elbit Systems' share price rose 3.1% on Nasdaq yesterday to $36.70, giving a market cap of $1.57 billion, and rose 3% by early afternoon on the TASE today to NIS 143.
Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2011
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