Elbit Systems $75.2M contract cancelled
Elbit Systems Ltd. said yesterday it finalized the cancellation of its contract with the Bulgarian government to modernize it's Air Force Mi-24s and Mi-17s.
Under the terms of the agreement, Elbit Systems will return a portion of its advance payments to the Bulgarian Ministry of Defense. In lieu of the balance of the payments, Elbit will deliver the equipment already manufactured for the program.
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