Tuesday June 18, 7:27 am Eastern Time

EDS Israel wins Bank Leumi computer deal

TEL AVIV, June 18 (Reuters) - EDS Israel, a unit of U.S. giant Electronic Data Systems Corp (NYSE:EDS - News), said on Tuesday it won a software change and systems upgrade contract from Bank Leumi (Tel Aviv: LUMI.TA - News), Israel's second largest bank

A source close to the project, which is due to last between five and seven years, said the deal was worth more than $100 million.

EDS said in a statement that information technology company Matrix from the Formula group (Tel Aviv: FORT.TA - News) would be the main sub-contractor in the project to change the software used in all Leumi's business activities and upgrade all the bank's computerised systems.

Formula shares were unchanged at 52.3 shekels in afternoon trade compared with a fall of 0.2 percent on the broader Tel Aviv market.

($1 = 4.93 shekels)