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Elbit Systems Ltd. (Nasdaq: ESLT) will set up the “Zofit” simulator system in Israel, and it has also won a handsome contract with the U.S. Marines. The first contract, under which Elbit will train Israeli and foreign pilots referred to it by the Ministry of Defense, is worth $15 million, while the second, under which Elbit will provide laser-based target identification systems to the marines, is worth $51 million.

These sums are small, relative to the volume of Elbit Systems’ revenue, but anyone who realizes where this can lead will not fail to be impressed.

As I have said ever since the 9/11 terror attacks, Elbit Systems, thanks to its management and Israeli know-how in smart defense electronics, is an investment about which I cannot make any predictions as to how long its superior value will last.

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Published originally by Globes [online], Israel business news - www.globes.co.il
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006. Republished on Seeking Alpha with full permission.

Source: Elbit Systems: Impressive All Around