Bulgarian Ministry of Defense Selects Elbit Systems and LockheedMartin Bid for Helicopter Upgrade ProgramHaifa, Israel, December 20, 2004. Elbit Systems Ltd. (NASDAQ: ESLT) reported that the Minister of Defense of Bulgaria announced today at a press conference the selection of the team led by Elbit Systems and Lockheed Martin, as the preferred bidder for the helicopter upgrade program in Bulgaria.
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The program includes upgrading 12 MI-24 combat helicopters and 6 MI-17 transport helicopters, to comply with NATO standards.
Elbit Systems will be the prime contractor for the project. The project's amount is expected to be material to Elbit Systems. The project is subject to completion of negotiations and signing of a contract with the Government of Bulgaria.
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Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world, in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance ("C4ISR"), advanced electro-optic and space technologies. The Company focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications.
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Source : Elbit