Jul 7, 2008
Story Timeline: 99 days
Elbit Systems' Hermes(R) 450 Records Another Success: Elbit Systems to Supply UAV Systems to a European Country Valued at US$20 Million HAIFA, Israel, July 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ: ESLT) announced today that it was awarded a contract valued at approximately US$20 million to supply Hermes(R) 450 UAV Systems to a European country. The systems include both air vehicles as well as complementing ground systems, to be delivered during 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) Hermes(R) 450 is a unique Elbit Systems development, which has been the major player in Israel's security activities, and the IDF's primary UAV system. In addition, the Hermes(R) 450 is the basis for the UK Armed Forces' Watchkeeper program, the largest UAV program in Europe. Hermes(R) 450 UAVs are used...
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