Subsidiary of Israeli Elbit Company Wins Contract to Upgrade Brazilian Air Force Jets http://alethonews.wordpress.com/2011/04/12/subsidiary-of-israeli-elbit-company-wins-contract-to-upgrade-brazilian-air-force-jets/

A Brazilian subsidiary of Israel’s Elbit Systems Ltd. has won an $85 million contract to upgrade eleven Brazilian Air Force F-5 fighter-bomber jets, Elbit announced in a press release on 11 April. The contract will be carried out in 2013. The subsidiary is AEL Sistemas, a Brazilian company that became part of the Elbit Systems Group in 2001. Elbit Systems Ltd. is one of the world’s largest defense electronics manufacturers and integrators.

In addition to its numerous international contracts, Elbit Systems also provides both Unmanned Aerial Vehicles (UAVs) and other military technology for Israel’s Occupation forces, as well as security systems for the Separation Wall and settlements in the occupied Palestinian territory.Responding to the new contract, Elbit Systems president and CEO Joseph Ackerman said, “We trust that the new contract will further strengthen the excellent cooperation between AEL, Embraer and the Brazilian Air Force, and we hope that other customers will decide to follow Brazil and select our combat-proven upgrade programs.”