Elbit subsidiary closes $40m. contracts

Elbit Systems announced Sunday that one of its subsidiaries, Elop Ltd., has recently won several tenders.

Elbit Systems announced Sunday that one of its subsidiaries, Elop Ltd., has recently won several tenders and signed contracts worth a total of $40 million for the supply of thermal-imaging cameras. A thermal imaging system used by various armies' land forces and a similar system which includes capabilities of target acquisition are both manufactured by Elop and considered among the most advanced in the market. The buyer requested to remain anonymous but it was likely to be an Asian nation, as these customers often prefer to suppress ties with Israeli industries to avoid frictions with Arab business partners.