Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at over $90 million from an Asia-Pacific country, for the supply of SPECTRO™ XR advanced electro-optic systems. The contract will be performed over a four-year period.
SPECTRO XR is an ultra-long-range, day/night, multi-spectral electro-optical ISTAR system. At its heart is a large multi-spectral imaging system combining multiple cameras into one, allowing SPECTRO XR to significantly improve performance without increasing size and weight. The implementation of fully digital sensors and lasers, with a very high level of stabilization, provides users with high performance in adverse weather conditions.
The modular design enables users to select the configuration best suited to their needs, both in terms of performance and cost. The system can be installed on a variety of platforms including rotary and fixed-wing airborne platforms, aerostats, naval vessels and land applications. A wide variety of command and control interfaces enables simple integration of the SPECTRO XR with various other systems onboard, such as mission computers, radar, data-links and helmet-mounted tracking systems.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "We are very pleased with this contract, demonstrating Elbit Systems' ability to foresee the market's requirements and to develop the most cutting-edge systems suitable for our customers' demanding needs. The variety of systems and solutions we have recently launched, represent a range of different fields of activities within Elbit Systems for which our customers worldwide have expressed interest, and we hope other customers will follow."
SPECTRO XR was designed based on Elbit Systems' 20 year legacy in developing EO payloads such as the AMPS strategic payload and the CoMPASS™ family, with more than 1,000 systems in operational use around the world today.
Source: Elbit Systems Ltd.
Date: Sep 12, 2016