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Elbit to Supply electro-optic observation systems to Savis Tecnologia e sistemas
Elbit Systems Ltd. Elbit Systems Ltd. announced today that AEL International Ltd., a subsidiary of AEL Sistemas S.A., which is a Brazilian subsidiary of Elbit Systems, was awarded a contract to supply electro-optic observation systems to Savis Tecnologia e Sistemas S.A, a subsidiary of Embraer Defesa & Segurança S.A., wholly-owned by Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: BR3). The contract value is in an amount that is not material to Elbit Systems.
The electro-optic systems will be supplied within a year, starting in 2014, as part of the first phase of the Brazilian multi-year "Sisfron" Integrated Border Monitoring System.
In addition, as part of the program, Elbit Systems will be making investments in Brazil in terms of assets, infrastructure and know-how in optronics.