Elbit Systems Ltd. (NASDAQ and TASE: ESLT ("Elbit Systems"), announced today that its wholly-owned subsidiary, Elbit Systems Electro-Optics Elop Ltd. ("Elop"), was awarded a contract from Israel Aerospace Industries Ltd. ("IAI") to provide a space camera for the Italian OPTSAT 3000 observation satellite. The total project, comprising the Jupiter advanced camera and additional services, is valued at approximately $40 million and will be completed within three and a half years.
Adi Dar, Elop's General Manager, commented: "We are proud to have been selected to supply the space camera for the Italian satellite. Elop has been a world leader in the field of space cameras for many years, and our systems are supplied to a variety of space agencies and customers in the satellite market, providing high performance and reliability throughout the mission lifecycle. We trust that this contract will lead to additional contracts, both in Israel and abroad".
Source: Elbit Systems Ltd.
Date: Dec 5, 2012