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Elbit Computers reports it has signed a contract with the U.S. Army to supply night vision systems for helicopters. Stage one calls for 300 systems valued at $10 million with the contract expected to generate $100 million over the next few years.
Elbit Managing Director Emmanuel Gill says the company is negotiating with an unnamed European concern for the sale of a new avionic system called Oferwhich is operating successfully with the Israeli Air Force. No details of the transactions are as yet available. Gill says Elbit is developing, in cooperation with the U.S. firm General Electric, an electrical drive ...