Israel Not Renews Elbit Export Authorizations for Program with Foreign Customer
- For Political Considerations Israeli Government Does Not Renew Elbit Systems' Export Authorizations
The Company has turned to the Israeli Ministry of Defense regarding compensation with respect to potential liability the Company may incur as a result of the non-renewal of the export authorizations, and the Director General of the Ministry of Defense has decided to enter into discussions immediately with the Company in order to endeavor to reach an agreed upon arrangement regarding this issue.
Defense Industry Business Confidence Report - H2 2016
At the present time, there is not an estimate of the amount of the damages that may result from the non-renewal of the export authorizations. Such damages may have a material impact on the Company's financial results.
Source : Elbit Systems Ltd.