Elbit Systems wins $20m UAV contract in Europe

The Hermes 450 UAV is used in Iraq and Afghanistan.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has won a contract to supply Hermes 450 unmanned aerial vehicles (UAV) and the ground systems to a European country. Deliveries will be made during 2009.

Elbit Systems developed the Hermes 450, which is IDF's primary UAV system and used by other Israeli security forces. The Hermes 450 is also the basis for the British Army's Watchkeeper program, the largest UAV program in Europe. They are used extensively by armies worldwide, including active war zones such as Iraq and Afghanistan. The Hermes 450 has accumulated over 100,000 operational flight hours to date.

Elbit Systems UAS Division general manager Haim Kellerman said, "The new order is yet another link in the chain of successes in the marketing of the Hermes 450, building on the level of maturity the system has achieved. The Hermes 450 has well proved its capabilities and reliability over many years of operational performance."

Published by Globes [online], Israel business news - www.globes-online.com - on July 7, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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