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Friday, Oct 28, 2016

Elbit Awarded Israeli Police Force Helicopters Project Valued at Approximately $115 M

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that it was awarded an Israeli Ministry of Public Security and the Israeli Police contract, valued at approximately US$115 million, to supply leasing and maintenance services for the Israeli Police Force's aircraft. The contract, awarded following a public tender, will be performed over a twenty-year period, and will include acquiring six new helicopters, adapting them to meet the Police requirements and performing routine maintenance.

The helicopters' configuration and onboard mission systems will be fitted to accommodate a wide variety of missions such as surveillance and policing, search and rescue, command and control and fire-fighting.

Elbit Systems, which will operate the helicopters under a PFI (Private Finance Initiative) contract, has been successfully operating PFI projects with the Israeli Defense Forces and in a number of countries around the world.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems said: "The decision of the Ministry of Public Security to award the helicopters project to us attests to the success of our PFI based projects, such as operating fixed-wing aircraft, helicopter and unmanned systems fleets, both in Israel and worldwide. We are proud to cooperate, yet again, with the Ministry of Public Security, the Israeli Police Force and the Fire Fighting Forces and to contribute our experience to Israel's safety and security".

Source : Elbit Systems Ltd. - view original press release

Published on ASDNews: Aug 27, 2015


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