Elbit to Upgrade Tanks for a Customer in the Asia-Pacific Region
- The contract is valued at approximately $290 Million
Elbit Systems Ltd. (NASDAQ and TASE: "ESLT") (“Elbit Systems”) announced today, that it was awarded a contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract, valued at approximately $290 million, will be performed over a three-year period.
The upgrade program will provide the tanks with night operation capabilities by the supply of a variety of advanced systems, such as gunner sights and fire control systems.
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Elbit Systems President and CEO, Bezhalel (Butzi) Machlis, said: “We are very pleased to be awarded this significant contract, demonstrating our unique capabilities and experience in upgrading main battle tanks. Asia-Pacific is one of Elbit Systems’ key markets and we are very glad to announce yet another success in this region”.
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Source : Elbit Systems Ltd.
May 31 - Jun 1, 2016 - Dubai, United Arab Emirates