Elbit to Upgrade Armored Fighting Vehicles of an Asian Customer
- Approximately $80 Million Contract
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 an approximately $80 million contract to upgrade Armored Fighting Vehicles (AFV) of an Asian customer (the "Program"). The Program will be performed over a two-year period.
Under the Program, Elop will integrate advanced systems for enhanced effectiveness (including for night operations) of the weapon systems installed onboard the AFV.
Armored Vehicle Market by Product (Main Battle Tanks,Light Protected Vehicles,Amphibious Armored Veh...
Adi Dar, General Manager of Elop, commented: "We are very proud of this award, further attesting to our unique capabilities in AFV upgrades and our recognition as world leaders, based on our past performance in this field".
Source : Elbit Systems Ltd.
Sep 22 - 25, 2014 - Austin, United States