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Business/Financial

Elbit To Supply UAS To European Customer

By Cal Biesecker

Wednesday, May 23rd, 2012

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Elbit Systems Ltd. [ESLT] yesterday said it was awarded an approximately $160 million contract by an unnamed European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years. Elbit Systems President and CEO Joseph Ackerman said, "More and more customers worldwide have come to the conclusion that Elbit Systems' UAS are the ultimate solution for their operational needs, following years of extensive operational experience accumulated in service with the Israeli Defense Forces (IDF),…

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