Elbit Sytems Chosen Over IAI By Swiss Army To Upgrade Its Drone Fleet

Israel’s Elbit Systems (Nasdaq: ESLT; TASE: ESLT) announced today that it was selected by the Swiss Federal Department of Defense, Civil Protection and Sport (DDPS), as the preferred supplier for the UAS 15 new reconnaissance drone program. In doing so it beat out state-run rival Israel Aerospace Industries for the $276 million contract.

See the full article at jewishbusinessnews.com