Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that its wholly-owned Israeli subsidiary Elbit Systems - Cyclone Ltd. ("Cyclone") was awarded an approximately $80 million contract for the supply of structural components to The Boeing Company ("Boeing"). The contract will be performed over seven years.
Yoram Shmuely, Co-General Manager of Elbit Systems' Aerospace Division, commented: "We are proud to have been selected, once again, by Boeing to supply structural parts. This contract represents another step in positioning Cyclone as a major supplier to leading aerospace companies and other customers. It also reflects the recognition and trust we have established with Boeing in our many years of working together .We believe this contract with Boeing will pave the way for further business in the fast-growing aerostructures market, characterized by advanced technologies and innovative composite materials."
Source: Elbit Systems Ltd.
Date: Jun 13, 2012