Elbit Systems wins $17.5 million contract from Boeing

TEL AVIV Sun Oct 21, 2012 6:32am EDT

TEL AVIV (Reuters) - Israeli electronics defense firm Elbit Systems (ESLT.O) said its U.S. subsidiary won a $17.5 million contract from Boeing Co (BA.N) to redesign and upgrade the Apache Block III AH-64D mission processor over a five-year period.

The mission processor will provide the Apache Block III avionics and mission equipment with the ability to perform sophisticated on-board computing tasks, Elbit (ESLT.O) said on Sunday.

(Reporting by Tova Cohen)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.