Ltd. announced it has won two con- tracts worth $11.1 million from Lockheed Martin, the second largest aerospace and defense company in the United States. The Haifa-based maker of defense systems said the first contract, worth $6.9 million, would be implemented by EFW Inc., its wholly owned sub- sidiary in Fort Worth, Texas. The contract will be for the devel- opment of a Commercialized Data Entry Electronics Unit to replace the current unit on U.S. Air Force's F-16 aircraft. Drilling To Start Off Ashkelon Jerusalem (JPFS) — National Infrastructure Minister Ariel Sharon has issued a concession for an American oil and gas exploration firm, Samedan, and its Israeli partner to start drilling for natural gas off Ashkelon. Sharon told Samedan vice president Alan Bullington that if natural gas is found in commercial quantities, the government would be involved in deciding how to supply the country and at what price. Samedan, the Houston, Texas-based subsidiary of Noble Affiliates, is involved in off-shore drilling in the Gulf of Mexico, Latin America, and the North Sea. Samedan and its Israeli partner, Ramat Hasharon-based Avner Oil and Gas Exploration, received a concession for exclusive rights to drill off Ashkelon, outside of Israel's territo- rial waters, but within the limits set by international law for exploiting seabed resources, the ministry said. Beit Shemesh Engines Contract - Jerusalem (JPFS) — Beit Shemesh Engines announced a $8.7 million contract with Pratt & Whitney for the overhaul and maintenance of its engines used by the Israel Air Force's (IAF) newest fighter jet, the F-15I. The contract was issued under the framework of the warranty of the engines, the F100-PW-229. P&W intends to give Israel Aircraft Industries responsibility for warranty work on the controls and accessories of the engines. In the recent delivery of F-15s, the IAF received more than 60 PW-229 engines. We'd like to give you a great reason to switch to Sterling Bank & Trust. It's called exceptional service. At Sterling, we've grown over the years because we're family owned and run. We treat our customers the way we'd like to be treated—like family. We've become known for consistently paying nth CD high interest rates on savings because that's important to you. So we've made it important to us. Please stop in at one of our offices and let us show you how we can be of real help with personal and corporate banking, investment and personal trust services, corporate and pension fund management, and of course, commercial lending. 5 % Annual percentage yield accurate as of 7/20/98 and subject to change without notice. Simple interest paid at maturity. Penalty for early withdrawal. ©1998 Sterling Bank & Trust, F.S.B. Commerce Twp. (248) 669-3993 • Farmington Hills (248) 489-9580 Southfield (248) 948-8799 • Troy (248) 649-3883 West Bloomfield (248) 855-6644 15 branch locations throughout metropolitan Detroit Visit our website:www.sterlingbank.com Owned and operated by the Seligman Family. LENDER ARNOLD Stand out above the crowd, have your financial future planned by a professional LINCOLN-MERCURY-MAZDA Drive East Pay The Least Call Phase Four today to schedule a one hour complimentary consultation with Joel Levi, CFP and Trish Wellman, CFP. 1.fr PHASE FOUR mama PASSION FORTHE ROAD'?" (248) 559-6980 LINCOLN Mercury GIL PRATT Leasing Manager Your West Side Specialist (810) 445-6000 Gratiot Ave. at 12 Mile Road Roseville, MI 48066 Fax (810) 771-7340 ""CFP and Certified Financial Planner are certification marks of the International Board of Standards and Practices for Certified Financial Planners, Inc. (IBCFP). Securities offered through Vestax Securities Corporation, Member NASD & SIPC, 1931 Georgetown Road, Hudson. Ohio 44236. (330) 650-1660 We Won't Take the Shirt Off Your Back. ONLY AT THE SHIRT BOX The Shirt Box. Shirts And A Whole Lot More. Always 20% - 35% Off Retail HOURS: Mon.-Sat. 9:30-6 • Thurs. till 7 Courtyard Center • 32500 Northwestern Hwy. • Farmington Hills, MI 48334 • (248) 851-6770 Detroit Jewish News 9/11 1998 133