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Home > Company Index > Aerospace & Defense > Aerospace/Defense - Products > Elbit Systems Ltd.

Elbit Systems Ltd.
Nasdaq: ESLT
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 NEWS FROM THE WIRES
Elbit takes stake in Brazil's Aeroelectronica
Jul 30 2001 01:36 AM PDT

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 PROFILE
Elbit Systems makes fighter jets feistier and soldiers' eyes sharper by upgrading defense electronics for both Western and Eastern airborne, land, and naval platforms. Elbit's aerospace retrofitting contracts include upgrading the Romanian Air Force's MiG-21s and the US's F-5 Tigers. Elbit also upgrades combat vehicles and assault helicopters, and makes helmet-mounted vision systems, weapon delivery and navigation systems, unmanned airborne vehicles, and naval combat systems integration equipment. Exports account for more than 70% of sales. After the company's merger with El-Op Electro Optics, the Federmann group owns about 30% Elbit, while Elron Electronic Industries Ltd. owns about 20% of the company.

 COMPETITION
CIC International Ltd. (dossier)
General Dynamics Corporation (GD)
Litton Industries, Inc. (LIT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 591.10
1-Yr. Sales Growth: 35.6%
Employees: 4,100
Revenue per employee: $144,170.73

 KEY PEOPLE
• Joseph Ackerman
    CEO
• Joseph Gaspar
    CFO

 CONTACT INFO
Advanced Technology Center
Haifa 31053, Israel
Phone: 972-4-831-5315
Fax: 972-4-855-0002
Online: Web Site

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