Significant breakthrough for Elbit in the Philippines

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract, valued at approximately $20 million, for the supply of upgraded armoured personnel carriers (APCs) to the Philippines Armed Forces. The upgrade will include 25 mm unmanned turrets, 12.7 mm remote controlled weapon stations (RCWS) and fire control systems (FCS) for 90 mm turrets. The APCs will be supplied over a one-year period.

The contract marks a significant breakthrough for Elbit Systems, as it is the first one awarded to the company in the Philippines.

Udi Vered, General Manager of Elbit Systems' Land and C4I commented: "We are very pleased to be awarded our first contract for the Philippines Armed Forces, which we hope will be followed by others. Our extensive portfolio and our vast experience enable us to offer our customers advanced solutions, answering the specific requirements of various combat vehicles, and this award further positions us as world leaders in the field of ground vehicle upgrades".

Source: Elbit Systems Ltd.
Date: Jun 22, 2014