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Elbit

Elbit sees $60-65M write-down due to blocked deal

Elbit sees $60-65M write-down due to blocked deal

Israeli electronic defence firm Elbit Systems said on Sunday it expected a $60-$65 million drop in 2011 fourth quarter net profit after it lost a contract with a foreign customer, identified by the Israeli media as Turkey, that the government did not support.

February 12, 2012 2:44