This news is classified in: Defense Contracts Homeland Security
Apr 28, 2023
Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today that it has signed a follow-on contract worth approximately $100 million to provide aerial firefighting services to the Israeli Ministry of National Security. The contract will be carried out over a period of eight years.
As part of the contract, Elbit Systems will continue to provide aerial firefighting services in Israel to the Ministry of National Security through a fleet of 14 aircraft, as well as additional operational services including ongoing maintenance of the aircraft and their preparation for flights.
The squadron will be operated under the guidance of the Israeli Police and in accordance with the operational needs determined in coordination with the Fire and Rescue Authority.
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Yoram Shmuely, General Manager of Elbit Systems Aerospace: “Elbit Systems has been a partner of the national aerial firefighting squadron since its establishment. I welcome the choice of the Ministry of National Security to extend the contract until the end of 2031, a decision that expresses confidence in the Company and satisfaction with its capabilities and services. The squadron is prepared and ready for its missions in Israel and to provide international assistance to neighboring countries as needed.”