Elbit will Supply Israeli MoD and European Army LWS Contracts for USD 21M

Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that it was awarded contracts to supply Lightweight Weapons Stations (LWS) to the Israel Ministry of Defense (IMOD) and to a European Army. In Israel, Elbit Systems was awarded a contract valued at approximately $11 million, for development and initial procurement, as part of an upgrade process of the Israel Defense Forces' (IDF) lightweight weapons arsenal. The 7.62mm, 12.7mm and 40mm LWS are designed to be installed onboard Armored Personnel Carriers (APCs) and Armored Fighting Vehicles (AFVs) and are to be supplied over an 18-month period. Elbit Systems was also awarded a contract, valued at approximately $10 million, to supply a European Army with 12.7mm LWS. The stations are to be installed onboard Pandur 6x6 vehicles and will be supplied over a period of one year. Bezhalel (Butzi) Machlis, General Manager- Elbit Systems Land and C4I Division, commented: "We are very proud of our selection to provide LWS to these two customers, reinforcing our position as global leading supplier of diverse types of weapon stations. Our solutions for full scale as well as low intensity conflicts, and our vast experience, enable us to provide customers with cutting edge solutions for all kinds of combat vehicle needs, and we hope other customers will follow."
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Source: Elbit Systems
Date: Dec 7, 2011