Elbit Responds to Point Trading Press Release

by: Matthew Potter
September 13, 2011

Category: Australia, Business Line, Companies, Countries, Elbit Systems, Events, Israel, Press Releases | RSS 2.0

On September 8th we ran a press release from Point Trading discussing a contract dispute they have with Elbit Systems of Israel. Elbit Systems contracted us and asked to run the following comment about the issue:

“Point Trading breached its commitment to ITL (which has since been acquired by Elbit Systems), and to this day has not paid its undeniable debt of over USD 1 million to ITL. Elbit Systems received the statement of claim and is studying it, though it appears from an initial review of the claim that it does not raise any issue that has not been discussed previously.”

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