ESLTF (Elbit Systems Ltd) an Israelian arms manufacturer Message Board

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Technology Stocks : ESLTF (Elbit Systems Ltd) an Israelian arms manufacturer

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From: midastouch017	2/2/2006 5:38:33 AM
	of 45

Elbit Systems wins Belgian army contract Market sources: Elbit's part of the armored vehicle systems contract is worth tens of millions of dollars. Globes correspondent 2 Feb 06 11:57 Elbit Systems (Nasdaq: ESLT ; TASE: ESLT) has announced that it has been selected to supply various systems for the Belgian Armored Infantry Vehicle Program. Deliveries will take place between 2007 and 2012. Market sources estimate that the deal is worth tens of millions of dollars. The program is part of a cooperation agreement between Elbit Systems and Swiss company Mowag, of the General Dynamics European Land Combat Systems Group. Mowag was selected by the Belgian Government to be the prime contractor for the supply of the Piranha III vehicles for the program. The program currently covers 138 vehicles out of a potential total of 242 vehicles. Elbit Systems' portion of the Program includes the delivery of 30 mm unmanned turrets and various opto-electronic and electronic sub-systems. Finalization of the contract to Elbit Systems is expected within the coming weeks. Elbit Systems president and CEO Joseph Ackerman said, “We are proud to be selected to take part in this important project for the Belgian Army. The co-operation between Mowag and Elbit Systems reflects the level of recognition we have achieved with our customers, end users and business partners worldwide. The selection of our unmanned turrets constitutes a breakthrough in an emerging international market emanating from a shift in the modern battlefield." Published by Globes [online], Israel business news - www.globes.co.il - on February 2, 2006 Dubi

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