Elbit Systems Signs a $30 Million Contract for an Aircraft Project.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)--July 13, 1998--Elbit Systems (NASDAQ-NM Symbol: ESLTF) announced today that on July July: see month. 10, 1998 it signed a contract with an undisclosed customer for an aircraft related program. The contract, valued at approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $30 million, is expected to be executed over a period of 14 months. 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. 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.
CONTACT: Arie Tal, Corporate Secretary
Ilan Pacholder, Finance
Elbit Systems Ltd.
Tel:(972-4) 831-6632
Fax:(972-4) 831-6659
or
Jody Burfening/Jonathan Fox
Lippert/Heilshorn & Associates, Inc.
212-838-3777
jody@lhai.com
jonathan@lhai.com
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