Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has announced contract wins with the Israel Ministry of Defense worth an aggregate $315 million.
The contracts are in the areas of avionics systems, unmanned aircraft systems, electronic warfare systems (EW), electro-optic systems, and land systems.
In avionics systems, Elbit will supply battle management systems ("BMS") and avionics for helicopters, virtual training for the Israeli Air Force's ("IAF") fighter aircraft array and operation and maintenance services for the IAF's Flight Academy, in a total of approximately $75 million, covering deliveries over a six-year period.
The company will supply Hermes 900 Unmanned Aircraft Systems (UAS) within three years, as well as maintenance services for UAS over a period of eight years, in a contract worth a total of approximately $90 million.
EW systems for F-15 and F-16 fighter aircraft and for the Navy's missile vessels, to the tune of approximately $90 million, will be supplied over the next four years.
Advanced observation and long-range target acquisition systems, in an amount of approximately $25 million, will be supplied over a three-year period.
In land systems, Cardom electronic and mortar artillery systems, known in the Israel Defense Forces as "Keshet", for a total value of approximately $35 million, will be supplied over a six-year period.
Published by Globes [online], Israel business news - www.globes-online.com - on December 31, 2012
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