Elbit Systems wins $150m European infantry systems contract

Elbit Systems

An Elbit Systems unit will supply systems to the Benelux countries' Smart Vest program. 

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has announced that its Elbit Systems Land and C4I Ltd. unit has been awarded a contract from the Dutch Ministry of Defense to supply advanced systems for the infantry soldiers in the Benelux countries - Netherlands, Belgium and Luxemburg.

The contract, valued at approximately $150 million, will be performed over a five-year period. Elbit Systems will serve as the program prime contractor and Thales Netherlands B.V ("Thales") will be its main sub-contractor. Other local companies will take part in the project, providing support and immediate response to the customer's needs.

The Smart Vest project is collaboration between the soldier modernization programs of the Benelux countries: Netherlands' VOSS, Belgium's BEST and Luxemburg's COMPASS. It is the first strategic joint program of the Benelux countries, and will provide the ground soldiers with a cutting-edge system that will provide enhance survivability and safety while increasing their capabilities and effectiveness in the digital battlefield. The systems will be light-weight, modular and scalable and will interface with existing systems.

The Smart Vest program will include wearable and protective systems for the soldier, command and control systems, including advanced audio and data radio systems, specialized displays and C4I capabilities as well as vehicle systems.

Elbit Systems president and CEO Bezhalel (Butzi) Machlis said, "We are very proud of the Benelux countries decision to choose Elbit Systems as the main supplier of soldier systems. The fact that such advanced armies have selected our solutions attests to our technological leadership and to the maturity of our solutions. We will welcome domestic Benelux companies to join us in the project in order to strengthen the support for the local customers."

Published by Globes [online], Israel business news - www.globes-online.com - on July 2, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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