Elbit Systems wins $78m contract in Europe

//Elbit Systems wins $78m contract in Europe

Elbit Systems wins $78m contract in Europe

By | 2015-09-07T01:48:23+00:00 September 7th, 2015|Business|0 Comments

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has been awarded a contract from a European country to supply an Unmanned Aircraft System (UAS)-based intelligence solution. The contract is worth some $78 million. It will be performed over a two-year period by Elbit Systems’ ISTAR Division, established a few months months ago through the combination of Elbit Systems’ Electro-optics – Elop and UAS Divisions.

The Elbit Systems solution will consist, among other elements, of AMPS (Advanced Multi-Sensor Payload System) – a multi-sensor electro-optics system capable of long-range visual intelligence for both day and night. The system is adaptable for a large variety of airborne applications and serves as an important building block for the integrated intelligence solution.

Elbit Systems ISTAR Division general manager Elad Aharonson said, “We are proud of this contract award to supply a solution that answers the current and future requirements of the high level intelligence systems’ market. We develop and tailor end-to-end solutions that meet the demands and specific expectations of our customers. I believe that our systematic capabilities, that enable an optimal integration between UAS and our intelligence systems, will enhance our position as a world leader in ISTAR activities resulting in further achievements in the international market.”

Elbit Systems’ share price is down 1.67% on the Tel Aviv Stock Exchange this morning,

Published by Globes [online], Israel business news – www.globes-online.com – on September 6, 2015

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