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Business/Financial

Elbit Says CBP Re-Awards Company IFT Contract

By Cal Biesecker

Tuesday, October 14th, 2014

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Elbit Says CBP Re-Awards Company IFT Contract

Existing fixed tower surveillance system installed by Boeing on southwest border under former SBINet program. Photo: CBP

After the Government Accountability Office (GAO) upheld Raytheon’s [RTN] protest of Customs and Border Protection’s (CBP) border surveillance contract to Israel’s Elbit Systems [ESLT] last winter, the agency has finished its reevaluation of the bids and has re-awarded the contract to Elbit, according to company officials. Elbit originally won the potential 10-year, $145.3 million contract in February for the Integrated Fixed Tower (IFT) system but a successful protest by Raytheon led to a work stoppage until CBP worked through a…

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