LONDON: A UK subsidiary of Israeli weapons giant Elbit Systems has lost its bid to win a prominent British Army contract, The Times reported.
The loss followed high-profile reporting on controversy surrounding Elbit Systems UK’s handling of the bid.
The subsidiary led one of two major arms consortiums attempting to secure the $2.6 billion bid to prepare British soldiers for war and overhaul army standards.
Rivaling Elbit, the other consortium led by Raytheon UK, a British subsidiary of the US defense giant, ultimately won the contract, a Ministry of Defence insider told The Times.
It had been decided following an intricate process that Raytheon was a “better candidate,” the source said.
