Elbit Systems' Subsidiary, Cyclone, Awarded Contract by Spirit AeroSystems to Supply Composite Structural Components for Commercial Aircraft
Contract Is Valued at Approximately $30 Million(Haifa, Israel, September 5, 2007) -- Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary, Cyclone Aviation Products Ltd. (Cyclone), was awarded a contract by Spirit AeroSystems, Inc. for composite structural components for commercial aircraft. The contract is valued at approximately $30 million dollars and is scheduled for delivery between 2007 and 2011.
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The contract involves the supply of blocker doors for the aircrafts' engines - a composite structural component - to Spirit AeroSystems.
Yoram Shmuely, Co-General Manager of Airborne and Helmet Systems at Elbit Systems, said, "This contract win is yet another sign reflecting the trust and recognition we have established among major aviation suppliers of commercial airplane assemblies and components. We believe this contract with Spirit AeroSystems will pave the way for further business in this fast-growing market characterized by advanced technologies and innovative composite materials."
Source : Elbit Systems Ltd.

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