Elbit Systems Cyclone

Elbit Systems' subsidiary Cyclone Ltd. was awarded an approximately $50 million contract to supply structural composite parts for an aircraft of a North American customer. The contract will be performed over six years.

Elbit Systems - Cyclone Ltd., a subsidiary of Elbit Systems, was awarded a $50 million contract to supply structural parts from composite materials for an aircraft of a North American customer, to be performed over six years.

Elbit Systems Cyclone and Georgia's Partnership Fund opened a new factory in Georgia to produce composite structural assembly parts for civil aircraft, with total investment of $93 million, expected to create 300 jobs and generate $60 million in annual exports when fully operative in about seven years.

Elbit Systems Cyclone and Mahindra Aerostructures signed a Memorandum of Understanding at the Paris Air Show to collaborate on the production of aerostructures parts and assemblies. Cyclone will source content from Mahindra, and the two will team up on new work opportunities.