Friday, December 26, 2008

Two Israeli Firms Close $141Million Deal With Turkish Air Force

Two Israeli Firms Close $141Million Deal With Turkish Air Force
(NSI News Source Info) (MENAFN) - December 27, 2008: Elbit Systems and Israel Aerospace Industries (IAI), two major Israeli defense contractors, announced that they have closed a $141 million deal with the Turkish Air Force to supply it with combined airborne imagery intelligence systems, Reuters reported.
The companies said that $87 million of the contract is for Elbit, while the remaining $54 million will be to the government-owned IAI. The prime contractor of the project is Aselsan, the Turkish military electronics manufacturer.
It is worth mentioning that Electo-Optics, of Elbit Systems, and Elta Systems, IAI unit, will delever the project in a four-year period, according to the contract.

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