Elbit Systems unit wins $33 million Asia-Pacific air force deal
TEL AVIV (Reuters) - Israeli defense electronics firm Elbit Systems (ESLT.TA) said its wholly owned subsidiary Elop won a follow-on contract worth $33 million to supply its Digital Compass electro-optical payload systems to an Asia-Pacific air force.
The systems, to be installed onboard helicopters, will be supplied over three years, Elbit (ESLT.O) said on Sunday.
Elbit did not disclose the name of the country at the customer's request.
"This important follow-on program reflects the customer's satisfaction from the systems acquired a number of years ago," said Adi Dar, general manager of Elop.
Digital Compass (digital compact multi purpose advanced stabilized system) is a low weight, multi-sensor electro-optical payload system, providing solutions for airborne applications as well as for land and naval platforms. It offers intelligence, surveillance, target acquisition and reconnaissance even in harsh weather conditions.
(Reporting by Tova Cohen)
NUSA DUA, Indonesia - The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
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.