Elbit Systems Awarded Israel MoD Contracts
- To Supply Various Systems for a Total Amount of Approximately $315 Million
- The new contracts relate to a variety of the Company's fields of activity and include Unmanned Systems, Electronic Warfare, Electro-Optic Systems, Avionics and Land Systems
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that it was awarded various contracts by the Israel Ministry of Defense ("IMOD"), in a number of fields of activity for a total value of approximately $315 million.
The contracts relate to the following areas:
Small Unmanned Aerial Vehicle (UAV) Market Forecast 2015-2025
Avionics Systems: battle management systems ("BMS") and avionics for helicopters, virtual training for the Israeli Air Force's ("IAF") fighter aircraft array and operation and maintenance services for the IAF's Flight Academy, in a total of approximately $75 million, covering deliveries over a six-year period.
Unmanned Systems: Hermes® 900 Unmanned Aircraft Systems ("UAS") to be supplied within three years, as well as maintenance services for UAS over a period of eight years, in a total value of approximately $90 million.
Electronic Warfare (EW) Systems: systems for F-15 and F-16 fighter aircraft and for the Navy's Missile Vessels, in a total amount of approximately $90 million, for supply over the next four years.
Electro-Optic Systems: advanced observation and long-range target acquisition systems, in an amount of approximately $25 million, to be supplied over a three-year period.
Land Systems: Cardom electronic and mortar artillery systems, known in the Israel Defense Forces ("IDF") as "Keshet", for a total value of approximately $35 million, for supply over a six-year period.
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Source : Elbit Systems Ltd.