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Elbit Systems Wins Asia Contracts

March 25, 2010 (FinancialWire) — Elbit Systems Ltd. (NASDAQ: ESLT) said that its Elisra Electronic Systems unit has been awarded contracts to supply airborne and ground electronic warfare systems, for a customer in Asia, at an aggregate value of around $147 million. The systems will be delivered over the next three years, according to Elbit.

Elisra, 70% owned by Elbit Systems Ltd., and 30% by Elta Systems Ltd. (an IAI subsidiary).

Israel-based Elbit Systems is an international defense electronics company engaged in a range of programs.

The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.

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