The UK Minister of State for Defence Procurement, Alex Chalk, has confirmed that Elbit Systems UK, a subsidiary of Israel's largest arms company, Elbit Systems Ltd., has been forced out of lucrative contracts. Losses in revenue for the Israeli firm could be as high as £280 ($340) million if it is ejected from contracts to deliver training to the British Armed Forces. Chalk confirmed that Elbit had been kicked out of the £ 160 million ($194) in contract to deliver training for the Dreadnought-class submarine crew. Negotiations are said to be ongoing for their departure from a £ 123 million ($149) Project Selborne navy training contract. Over the past few years, the headquarters of Elbit Systems UK have been targeted […]
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1st December 2022, 05:12 PM
After $340m in lost contract, this could be the 'end' of Israel arms manufacturer in
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