Elbit Systems in F-16 deal

The firm's Elop unit signed a new generation HUD - heads-up display - contract.

9 April 08 11:4, Globes' correspondent

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) unit Electro-Optics Elop Ltd. has won a multi-year contract from Lockheed Martin Aeronautics Company to supply new generation Head-Up Displays (HUDs) for the new F-16 aircraft. Deliveries will begin immediately, with a first $3.8 million order. The full potential value of the master purchase order depends on future F-16 sales.

Elbit Systems added that the project is a continuation of ongoing cooperation with the Lockheed Martin Corporation (NYSE: LMT) unit for HUDs for F-16s. Elop has supplied more than 3,300 HUDs, in thirteen different models, used on more than 20 aircraft types, to customers around the world.

In separate developments, Elbit Systems has restructured its US subsidiary, Elbit Systems of America LLC into seven focused business units responsible for providing turn-key solutions to its customers. The seven units are: Airborne Solutions; Land Solutions; Services and Support Solutions; C4I Solutions; Sensor and Electro-Optics Solutions; Commercial Aviation Kollsman; Medical Instruments - KMC Systems. The units are located in Texas, Alabama, Florida, and New Hampshire.

The company also unveiled a new logo.

Published by Globes [online], Israel business news - www.globes-online.com - on April 9, 2008

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