Ness Technologies, Elbit Systems JV wins $25 million contract from Israel for supplying intelligence system

Ness Technologies, Inc., a global provider of information technology solutions and services, and Elbit Systems Ltd., a global defense electronics company, 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. Ness Technologies and Elbit Systems 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. Michael Zinderman, President of Ness TSG, and Bezhalel (Butzi) Machlis, Elbit Systems Executive VP and General Manager of Elbit Systems Land and C4I - Tadiran, 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.