ESLT Elbit Systems Ltd

JERUSALEM--Israel-based defense contractor Elbit Systems Ltd. (ESLT) and Boeing Co. (BA) said Tuesday they have signed an agreement to cooperate on self-defense systems for military aircraft.

Under the memorandum of understanding, the companies will offer Elbit's Directed Infrared Counter Measure (DIRCM) systems for Boeing's military aircraft. The systems protect aircraft from missiles and other battlefield threats.

At 1040 GMT, shares of Elbit were down 0.30 shekels, or 0.21%, at ILS142.70 ($38.60), in a lower Tel Aviv market.

Write to Sara Toth Stub at realtimedesklondon@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires