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Monday, Oct 24, 2016

Elbits Cyber Subsidiary, CYBERBIT, Awarded Contracts by European and African Customers

Elbit Systems Ltd. ("Elbit Systems") (NASDAQ and TASE: ESLT), announced today that its wholly-owned subsidiary, CYBERBIT Ltd. ("CYBERBIT"), was recently awarded two contracts. One of the contracts was awarded by the National Police of a European country, and the second contract was awarded by a law enforcement agency of an African country. Each of the contracts, which are in a total amount that is not material to Elbit Systems, will be performed over a two-year period.

CYBERBIT, established several months ago, is comprised of Elbit Systems cyber activities, and includes the recently acquired Cyber and Intelligence division of NICE Systems, which was awarded the above-mentioned contracts.

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CYBERBIT solutions provide law enforcement agencies, intelligence organizations and signal intelligence (SIGINT) agencies with end to end tools for creating communication intelligence on all known media and devices. CYBERBIT's solutions address the entire intelligence cycle, including collection, processing, analysis and visualization.

Adi Dar, General Manager of CYBERBIT commented:"We are pleased with the award of  these two contracts that attest to the innovative capabilities of CYBERBIT's SIGINT systems, which integrate our advanced TARGET 360 interception platform with cutting edge cyber domain collection capabilities. I believe this unique operational concept, as well as the most advanced technologies which are the core of the system, will encourage additional customers to follow and select our systems".

Source : Elbit Systems Ltd. - view original press release

Published on ASDNews: Aug 30, 2015


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