Elbit Systems' Subsidiary, Tadiran Communications, Signed
an Agreement Valued at $55M With an Asian Customer
HAIFA, Israel, Jan. 2 /-- Elbit Systems Ltd. reported that its 40%-owned
subsidiary, Tadiran Communications Ltd. ("Tadiran") , announced yesterday
that it signed an agreement valued at $55 million with an Asian country.
Under the agreement, Tadiran will provide the customer with advanced
communications systems and equipment.
Under the first phase of the agreement, Tadiran will provide equipment
valued at $5.5 million and has already received an advance payment
equivalent to the first phase amount. The remainder of the contract is
expected to be performed in three phases during 2006-2007.
About Tadiran Communications
Tadiran Communications brings into the homeland security arena over 40 years
of experience in the development, manufacture and marketing of combat-proven
communications solutions for armed forces in over 50 countries worldwide.
Experience in creating synergies between advanced equipment and system
elements enable the company to offer multiple level solutions that are a
real added value for police forces, local, national and international
security forces at every operational level. The company's full system
solutions offer comprehensive integrated, seamless and secure communications
between all ground, naval and airborne, military homeland security forces,
as well as special rescue units. The company's MOBAT Division specializes in
advanced HF solutions for paramilitary, government and high-grade commercial
applications. Tadiran Communications' fully-owned subsidiary Snapshield(TM),
a leading global provider of managed secure telecommunication solutions,
expands the company's offerings to include secure encryption on mobile and
wireline telephone networks. As an international company Tadiran
Communications has subsidiaries in the U.S. and Europe.
Tadiran Communications is publicly traded under the symbol: TDCM on the Tel
Aviv Stock Exchange.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged
in a wide range of defense-related programs throughout the world, in the
areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and reconnaissance
("C4ISR"), advanced electro-optic and space technologies. The company
focuses on the upgrading of existing military platforms and developing new
technologies for defense and homeland security applications.
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