Bethel Finance:
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a $32.7 million contract to supply an Asian army with advanced training systems for its armor and infantry forces. Delivery will take place over the next three years. The company did not disclose the name of the customer.
Elbit Systems will provide driving simulators for various tracked and wheeled armored vehicles and an advanced gunnery and tactical simulator. The simulators can train soldiers from the individual level, through tactical teams, and larger units. The users can reconfigure the systems with any combination of turrets. The system also include a smart scenario generator and large training areas at extremely high resolution for both open and urban terrains.
Elbit Systems' share price fell 2.7% on Nasdaq yesterday to $50.50, giving a market cap of $2.16 billion, after the company published its financial report for the second quarter. The share price rose 1.3% in morning trading on the TASE today to NIS 181.50
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