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Elbit Awarded a $300M Contract to Supply Hermes 900 Unmanned Aircraft Systems to a Country in Asia

Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded an approximately $300 million contract by a country in Asia to provide HermesTM 900 Unmanned Aircraft Systems (“UAS”). The contract will be performed over a period of five years.

Under the contract, the Company will provide its Hermes 900 UAS and associated sub-systems, as well as maintenance and support services. The Hermes 900 UAS has been selected to date, by 12 countries, attesting to its competitive edge that combines technological sophistication, reliability, open architecture and a solid growth path.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “There is a continuous demand for integrating unmanned systems to cope with a growing variety of operational needs. Our operational portfolio of autonomous capabilities, in all domains of operation, positions us competitively to address these needs.”

Global Military UAVs - Market and Technology Forecast to 2027

Global Military UAVs - Market and Technology Forecast to 2027

Market forecasts by Region, Technology, Propulsion, Endurance, Range, Launching, and Application. Market/Technologies Overview, and Leading Companies

Published: February 2019 - Pages: 246 pages

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Source: Elbit Systems Ltd.
Date: Mar 4, 2021