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Wednesday, Oct 26, 2016

Elbit Awarded an Approximately $78 M Contract to Provide a European Country with UAS-Based Advanced Intelligence Systems

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that it was awarded a contract from a European country to supply an Unmanned Aircraft System (UAS)-based cutting-edge intelligence solution. Valued at approximately $78 million, the contract will be performed over a two-year period by Elbit Systems'  ISTAR Division, established several months ago, as a result of  combining Elbit Systems' Electro-optics – Elop and UAS Divisions.

Elbit Systems' solution will consist, among other elements, of AMPS (Advanced Multi-Sensor Payload System) - a multi-sensor electro-optics system capable of long-range visual intelligence for both day and night. The system is adaptable for a large variety of airborne applications and serves as an important building block for the integrated intelligence solution.

Elad Aharonson, General Manager of Elbit Systems ISTAR Division commented: "We are proud of this contract award to supply a solution that answers the current and future requirements of the high level intelligence systems' market. We develop and tailor end-to-end solutions that meet the demands and specific expectations of our customers. I believe that our systematic capabilities, that enable an optimal integration between UAS and our intelligence systems, will enhance our position as a world leader in ISTAR activities resulting in further achievements in the international market."

Source : Elbit Systems Ltd. - view original press release

Published on ASDNews: Sep 6, 2015


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