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AEL Sistemas Awarded $15 M Initial Production Order to Supply Unmanned Turrets to Brazilian Army

• The order is the first part of a framework contract, awarded in 2011, valued at $260 million, for the supply of Unmanned Turrets to be installed onboard IVECO 6X6 Armored Personnel Carriers (APCs) as a part of the Brazilian Army's Guarani Project

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Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that its Brazilian subsidiary AEL Sistemas S.A. , was awarded an initial production order valued at $15 million as part of the Guarani Project. The supply of these systems, which will be installed onboard Iveco 6x6 APCs, will be completed within two years.

This announcement is further to Elbit System's announcement on January 6, 2011 regarding the award of a framework contract valued at approximately $260 million for the supply of UT30 BR 30mm Unmanned Turrets to the Brazilian Army's Land Forces.

Source : Elbit Systems Ltd.

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Published on ASDNews: Sep 13, 2012