Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its subsidiary, Elbit Systems of America LLC ("ESA"), through its wholly-owned subsidiary M7 Aerospace LP ("M7 Aerospace"), was awarded a contract from DynCorp International Inc. to provide Life Cycle Contractor Support (LCCS) for the U.S. Army's C-26 and UC-35 aircraft fleet. The award is for a one-year base period of up to $25 million and additional five single year option periods. If all options are exercised, the total contract value will be up to $176 million. Services will be managed in San Antonio, Texas.
This contract reinforces ESA's U.S. market position as a leading provider of life-cycle support for aircraft and ground platforms. ESA offers a full range of reliable sustainment and support solutions. These include contractor logistics support (CLS) and engineering, maintenance, repair and overhaul (MRO) services. ESA has a 25-year history of providing support to U.S. military customers while M7 Aerospace consistently earns exceptionally high mission capable ratings on its CLS programs.
"ESA is a trusted, proven supplier of sustainment and support solutions for many U.S aircraft and land vehicles," said Raanan Horowitz, President and CEO of Elbit Systems of America. "We bring a commitment to listen and work closely with our customers and then deliver exceptional turn-key logistics solutions to support their missions."
Source: Elbit Systems Ltd.
Date: Dec 20, 2017