Elbit Systems Ltd. Signs Contracts Worth $40 Million to Supply Advanced Armored Vehicle Systems.HAIFA Haifa (hī`fä), city (1994 pop. 246,700), NW Israel, a port on the Mediterranean Sea, at the foot of Mt. Carmel. Haifa is the chief city of N Israel and the country's principal oil refining center. , Israel--(BUSINESS WIRE)--June 7, 1999-- Elbit Systems Elbit Systems Ltd. NASDAQ: ESLT is one of Israel's largest defense electronics manufacturers and integrators. Established in 1967, and based in Haifa, Israel, Elbit has over 8,000 employees. Ltd. (NASDAQ/NM symbol: ESLTF) announced today that it had signed contracts for the supply of advanced fire control systems for armored fighting vehicles with a western European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. country. The total value of the contracts is approximately $40 million and will be executed over a period of five years. El-Op Electro-Optical Industries of Israel will act as a major subcontractor One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done. to Elbit Systems in performing these contracts. The new contracts further expand Elbit Systems' extensive line of projects in the area of upgrading tanks and developing advanced systems for armored fighting vehicles in Israel, the U.S. and Europe. About Elbit Systems Ltd. Elbit Systems Ltd. is engaged in a wide range of defense-related airborne airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. , ground and command, control and communications ("C3") programs throughout the world. The Company focuses on upgrading of existing military platforms and developing new technologies for defense applications. |
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