Aerospace Group:

Elbit Under Contract For Brazilian AMX Jet Avionic Upgrades

DDN

Wednesday, November 19th, 2008

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Israel's Elbit Systems [ESLT] said it was awarded a contract Monday worth up to $187 million by Brazil's Embraer for the supply of avionics for the Brazilian AMX jet upgrade project. "We believe our selection reflects the satisfaction of our Brazilian customers from our past performance, including our long-standing successful collaboration with Embraer," Joseph Ackerman, Elbit's president and CEO, said. The initial development and prototype phase of the contract is worth about $67 million. The entire contract, including the subsequent…

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