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Sunday, Sept 24, 2017

Elbit Confirmed That a Jury Found Hughes Network Systems to Have Infringed an Elbit Systems Patent

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") confirmed today, in an answer to media inquiries, that on August 7, 2017, a jury in the United States District Court for the Eastern District of Texas found Hughes Network Systems, LLC, to have infringed one of its patent, which generally relates to high-speed satellite communications, U.S. Patent No. 6,240,073.

The jury awarded Elbit Systems damages of approximately $21million plus interest. The court has yet to issue a final order regarding the verdict, and the financial impact of this matter is not yet determinable.


Source : Elbit Systems Ltd. - view original press release

Published on ASDNews: Aug 17, 2017


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