BREAKING NEWS

Georgia agrees to pay Elbit $35m. in settlement deal

Elbit Systems Ltd. announced Thursday that the government of Georgia agreed in a settlement deal to pay it approximately $35 million. As part of the agreement, Georgia will also return to Elbit certain equipment and subsystems.
Elbit announced in April 2011 that it was suing the Georgian government for $100 million as a result of the government's failure to uphold a 2007 contract.Elbit Systems said that the settlement brings to a close the lawsuit between the parties.
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