Elbit Awarded $80M to Supply AI-Powered EO Systems for Maritime Forces of Asia-Pacific Country

Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that following competitive technical evaluations it was awarded an approximately $80 million contract by a country in Asia-Pacific to supply SPECTROTM XR multi-spectral electro-optic (“EO”) systems for maritime forces. The contract will be performed over a period of four years.

Under the contract, Elbit Systems will supply SPECTRO XR EO systems that will be integrated onboard a variety of maritime platforms. SPECTRO XR is a multi-spectral long-range EO system that provides naval, air and land forces with enhanced intelligence, surveillance, target acquisition and reconnaissance (“ISTAR”) capabilities, in both day and night and under low visibility conditions, such as fog, humidity, smoke, haze and dust. Using Artificial Intelligence, SPECTRO XR applies multi-target video tracking, Moving Target Indication and Video Motion Detection to continuously scan for targets, extract operational insights and reduce human error.

Oren Sabag, Co-General Manager, Elbit Systems ISTAR and EW, commented: “We see a growing demand for the SPECTRO XR system as Naval and Air Forces increasingly seek advanced ISTAR solutions with the unique capacity to maintain superior terrain dominance even in challenging visibility conditions.”