Elbit joint venture wins $32m Boeing deal

VSI will deliver the Joint Helmet Mounted Cueing System to Boeing for US Navy and Air Force and foreign sales.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) announced that Vision Systems International, LLC (VSI), its joint venture with advanced Helmet Mounted Display (HMD) technology developer Rockwell Collins, has received a new contract worth more than $32 million. The contract is for the delivery of the Joint Helmet Mounted Cueing System (JHMCS) to Boeing for US Navy and Air Force and Foreign Military Sales (FMS) to include: Finland, Australia, Belgium, Canada and Switzerland.

Deliveries will start this year and continue through 2013.

VSI president Phil King said, "JHMCS, our first combat proven helmet, remains the world's leading helmet display for fixed-wing tactical aircraft. It is known and respected by fighter-attack pilots around the world because it enables them to maintain 'eyes out' while viewing critical information on the helmet visor. JHMCS gives pilots unparalleled situational awareness, providing them a significant advantage in both air-to-air and air-to-ground mission execution."

Published by Globes, Israel business news - www.globes-online.com - on May 10, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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