ISRAELI FIRM REPORTS DROP IN LOSS FOR 2004

TEL AVIV [MENL] -- An Israeli defense firm has reported a significantdecreasein losses in 2004. BVR Systems reported a net loss of $200,000 for the first quarter of2004.For the company, this represented a significant improvement over 2003, whenBVR reported a $1.2 million loss for the first quarter of last year.