Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $160 million contract by a European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years.
Joseph Ackerman, President and CEO of Elbit Systems, noted: "More and more customers worldwide have come to the conclusion that Elbit Systems' UAS are the ultimate solution for their operational needs, following years of extensive operational experience accumulated in service with the Israeli Defense Forces (IDF), as well as additional world leading armed forces for their Air, Land and Special Forces. Technological advancement, a deep understanding of the customer's needs, ongoing development processes that adapt our UAS to the changing requirements of the modern battlefield as well as logistic support, all strengthen Elbit Systems' position as a world leader in this field. We are very proud of this new award, which marks a significant milestone in the chain of our UAS contract awards and we hope that additional customers will follow in selecting our UAS."
Source: Elbit Systems Ltd.
Date: May 22, 2012