In Israel, Elbit Systems Electro-Optics Elop Ltd. of Rehovot, a subsidiary of Elbit Systems Ltd. of Haifa, was selected by the Republic of Korea air force to supply real-time electro-optical/infrared long-range oblique imagery systems for its F-16 aircraft. The signed multiyear contract is valued at approximately $50 million. The subsidiary supplies electro-optical and intelligence, surveillance and reconnaissance systems. Its projects are used by various armed forces, and its customers include defense companies.