Israeli Government Does not Renew Elbit Systems' Export Authorizations for a Program With a Foreign Customer

by Eddie Staley, Benzinga Editor

December 22, 2011 11:16 AM | 14 seconds read | Make a Comment

Elbit Systems Ltd.

ESLT

announced today that the Israeli Government, due to political considerations, did not renew the Company's export authorizations to complete performance under an approximately $90 million contract awarded several years ago, to supply systems to a foreign customer.

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Israeli Government Does not Renew Elbit Systems' Export Authorizations for a Program With a Foreign Customer