Elbit Systems (ESLT) Unit Receives $50M Contract from BAE

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Elbit Systems Ltd (NASDAQ: ESLT) subsidiary, M7 Aerospace LLC, will be working with BAE Systems to provide Contract Logistics Support (CLS) for the T-34, T-44 and T-6 aircraft under a contract awarded to BAE Systems by the Naval Air Systems Command (NAVAIR). Under its NAVAIR contract, BAE Systems awarded M7 a subcontract of approximately $50 million to be performed over a five-year period.

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