Elta, the electronic warfare arm of Israel Aircraft Industries, posted pre-tax profits of $8.2 million for 1997, as sales grew by 17% to $270 million. New orders were booked worth $620 million, taking the company's backlog to $850 million.
Source: Flight International
The January incident at Ellsworth AFB resulted in the destruction of the $450 million bomber and a rare quadruple ejection of the crew, who were attempting to execute an instrument landing during poor weather.
Athens signed a long-sought letter of offer and acceptance with airframer Lockheed Martin covering 20 F-35 stealth fighters, with options for a further 20 jets.
The joint North American Aerospace Defense Command dispatched fighter aircraft from both the USA and Canada on 24 July to intercept a combined flight of bombers from Russia and China operating in international airspace around Alaska.
