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 - Global Forecasts to 2014-2019
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.
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