Elbit Systems Ltd. (NASDAQ:ESLT) announced their 70 percent-owned subsidiary, Elisra Electronic Systems Ltd. (Elisra), was awarded a $60 million contract to supply an Airborne Surveillance System to a European country. Deliveries under the contract will be made over a two - year period. Yitzchak Gat, CEO of Elisra said: "The Elisra system was selected after a long, in-depth evaluation process." He added, "The selection of Elisra's solution is another testament to the company's technological leadership in the field, and we hope that the current award will be followed by additional contracts in the future." The Elisra Electronic Systems Group comprises Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group designs, develops, manufactures, integrates, and supports advanced system solutions for air, sea, and land deployment in numerous countries, among which includes data links for UAVs and guided weapons.