Elbit System wins Brazilian army contract worth $100 mln
JERUSALEM, Jan 8 (Reuters) - Israeli defence electronics firm Elbit Systems Ltd said on Sunday its Brazilian subsidiary Ares won a contract worth about $100 million to supply remote controlled weapon stations to the Brazilian army.
The weapons stations, named REMAX, will be supplied over a five-year period and an initial production order, valued at approximately $7.5 million, has been received, Elbit said.
Chief Executive Bezhalel Machlis said there has been growing demand across the world for the remote controlled weapon stations.
(Reporting by Ari Rabinovitch)
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