Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America LLC, ("Elbit Systems of America"), was awarded delivery order valued at approximately $23 million for the supply of systems and various spare components to the U.S. Marine Corps. The order will be executed in Roanoke, Virginia and will be supplied over the next 10 months.
This order is part of the $249 million five-year Squad Binocular Night Vision Goggles Indefinite Delivery Indefinite Quantity (IDIQ) contract from September 6, 2019, that was awarded to the Night Vision business of L3Harris Technologies (NYSE:LHX) several days before the finalization of the acquisition of that business activity by Elbit Systems of America.
Under this contract, the U.S. Marine Corps will be supplied with a Squad Binocular Night Vision Goggle system that consists of a high-performance, white phosphor image intensifier binocular, a modular uncooled thermal imaging sensor, and a common external power supply – providing Marines improved mobility and situational awareness during night operations.
Key data points: The growth forecast = 6.3% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in air-based tactical data link market to 2031 by component (hardware and software), platform (rotary wing, fixed wing, and unmanned aerial vehicles), application (command & control, intelligence, surveillance & reconnaissance, electronic warfare, and radio communication), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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