TEL AVIV Israeli defense electronics firm Elbit Systems (ESLT.TA) said its subsidiary won a contract from Israel Aerospace Industries to provide a space camera for the Italian OPTSAT 3000 observation satellite.
The project, comprising the Jupiter advanced camera and additional services, is valued at $40 million and will be completed within three and a half years by Elbit Systems Electro-Optics Elop.
"Our systems are supplied to a variety of space agencies and customers in the satellite market," Adi Dar, Elop's general manager, said in a statement on Wednesday. "We trust that this contract will lead to additional contracts, both in Israel and abroad."
(Reporting by Tova Cohen, Editing by Jeffrey Heller)