I saw an interesting article by Marco Cavina covering 50mm Leica lenses. There's a small chapter on Elcan as well:
The description (via translator, I don't speak Italian), says:
"A simplified variant of the classic 70s 50mm f / 2 is represented by the Leitz ELCAN 50mm f / 2, a lens intended to equip a military rangefinder Leica, commissioned by the US Army and called KE-7A; as told by Mandler himself, the military specifications required an image quality lower than that guaranteed by the contemporary Summicron-M 50mm f / 2 type 11817, and to obtain cost savings a project of a few years earlier was resurrected which also included a 50mm f / 2 consisting of just four lenses, with no gluing surfaces: a lens that is easy to build and not subject to any cleavage caused by rough use. However, this lens did not renounce sophisticated glass: the front lens was made of LaK9, the second element used a glass of exclusive Leitz formulation (672460), the third was highly refractive and the fourth used a Flint glass with lanthanum."