Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems") announced today that it has been awarded a contract, in an amount of $240 million, to provide a wide array of defense electronic systems to a country in Africa.
The contract, which will be performed over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles (Man Portable Air Defense Systems -MANPADS), based on passive IR (Infrared) systems, and includes Missile Warning Systems (MWS), radio and communication systems, land systems, mini-UAS systems and helicopters upgrade.
Bezhalel (Butzi) Machlis, Elbit Systems President and CEO, said: "We are proud to have won this contract, allowing us to provide our customers with a variety of systems and capabilities from different fields, a growing trend we have witnessed lately in many countries. Our unique structure enables the customer to benefit from the synergy of its overall capabilities while, at the same time, focus on its requirements. Our portfolio, based on cutting-edge technologies and operational know-how, allows us to customize our solutions and tailor them to our customer's needs, and we hope others will follow this trend."
Source: Elbit Systems Ltd.
Date: Sep 26, 2017