LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Elbit Systems gets $35 million Israel defense contract
JERUSALEM (Reuters) - Elbit Systems (ESLT.TA) won a $35 million contract from Israel's Defense Ministry for the development of advanced features for unmanned aircraft systems (UAS).
The systems will be supplied within three years, Elbit (ESLT.O), Israel's largest publicly traded defense firm, said on Sunday.
The deal is in addition to contracts awarded by the Defense Ministry for the supply of Hermes 900 UAS and maintenance services in 2012.
(Reporting by Steven Scheer)
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