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© Yannis Behrakis / Reuters
The Israeli defense contractor Elbit Systems Ltd has won a contract worth up to $68 million to monitor much of Europe's coastline.

Elbit Systems, an Israeli tech firm which specialises in defence, security and commercial systems, said today that the framework contract consists of the provision of maritime unmanned aircraft system (UAS) to the European Maritime Safety Agency (EMSA) in order to help monitor extensive coastlines and vast areas of sea to identify any potential hazards and suspicious activities.

The contract is for a two-year period with the option of renewal for an additional two years.

In recent months, numerous Israeli companies and contractors have been winning contracts in various industries worldwide, ranging from defense to surveillance and technological advancement.


In October, Israeli companies signed purchase agreements with the United Nations for the provision of water and security service to UN forces in Africa. Israel also won a $777 million contract for the supply of India's missile defenses, as well as being revealed as a lead exporter of tools for spying on civilians being used by dictatorships or authoritarian governments around the world.

Such deals and multi-million dollar contracts over a variety of regions are seen as not only a benefit to the Israeli economy but also the reliability of its services and the subsequent potential increase of its international credibility.