Romanian Avioane Craiova Inks $1.7M Deal With Israeli Elbit Systems
Romanian state-owned plane maker Avioane Craiova (AVIO.RO) concluded a $1.7 million contract with Israeli Elbit System for the delivery of telecom systems for aircraft.
The contract says the Romanian company will make 123 IFF Transponder kits and install them on the end user’s aircraft, according to a news release by the local Economy Ministry.
In its turn, the Israeli company will supply all electric and electronic components for the contract.
Elbit Systems has been active in Romania for 15 years, through contracts concluded with various local companies in the defense industry.
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