Israeli gov't signs $125m Czech Iron Dome deal

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) unit ELTA Systems has announced that a Government-to-Government (GTG) contract has been signed in Prague by Israel's Ministry of Defense International Defense Cooperation Directorate (SIBAT) and the Czech Ministry of Defense. The agreement, worth an estimated $125 million, is part of the Czech Mobile Air Defense Radar (MADR) program and comprises eight ELTA ELM-2084 Multi-Mission Radars (MMR) with air surveillance, air defense, and artillery capabilities. ELTA says it will be the prime contractor in the project.