The company won a $20 million contract to supply upgraded APCs.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won its first contract in the Philippines. The company won a $20 million to supply upgraded armored personnel carriers (APCs) to the Philippines Armed Forces over 12 months. The upgrade will include 25 mm unmanned turrets, 12.7 mm remote controlled weapon stations (RCWS) and fire control systems (FCS) for 90 mm turrets.
"We are very pleased to be awarded our first contract for the Philippines Armed Forces, which we hope will be followed by others," said Elbit Systems Land and C4I general manager Udi Vered. "Our extensive portfolio and our vast experience enable us to offer our customers advanced solutions, answering the specific requirements of various combat vehicles, and this award further positions us as world leaders in the field of ground vehicle upgrades".
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2014
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