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Ness Technologies and Elbit Systems joint venture, NessBit, to supply the Israeli MoD with intelligence system valued at $25 million

4th May 2010 - 09:00 GMT | by Shephard News Team

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Elbit Systems Ltd., a global defense electronics company, and Ness Technologies, Inc., a global provider of information technology solutions and services, announced today that they were awarded through their joint venture NessBit, a contract valued at approximately $25 million by the Israeli Ministry of Defense to supply an information management system for the Israeli Air Force.

Elbit Systems and Ness Technologies will equally share the project, in the amount of $12.5 million each, to be performed over the next four years. "NessBit" was established in order to develop the unique technological capabilities required for such a high-profile project.

Bezhalel (Butzi) Machlis, Elbit Systems Executive VP and General Manager of Elbit Systems Land and C4I - Tadiran, and Michael Zinderman, President of Ness TSG, noted that both companies were honored to participate in the development of such a highly advanced system, marking a significant technological breakthrough. They added that their cooperation under the joint venture allowed a combination of diverse technological disciplines, providing the customer with a high-quality, unique, cutting-edge solution.

Source: Elbit Systems

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