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Elbit Systems awarded Israel Ministry of Defense contracts

Published on 3 January, 2013

Elbit Systems awarded a number of contracts worth an estimated $315 million

Elbit Systems Ltd. announced recently that it was awarded various contracts by the Israel Ministry of Defense, in a number of fields of activity, for a total value of approximately $315 million.

The contracts relate to the following areas:

Avionics Systems: 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.

Unmanned Systems: Hermes® 900 Unmanned Aircraft Systems ("UAS") to be supplied within three years, as well as maintenance services for UAS over a period of eight years, in a total value of approximately $90 million.

Electronic Warfare (EW) Systems: systems for F-15 and F-16 fighter aircraft and for the Navy's Missile Vessels, in a total amount of approximately $90 million, for supply over the next four years.

Electro-Optic Systems: advanced observation and long-range target acquisition systems, in an amount of approximately $25 million, to be supplied over a three-year period.

Land Systems: Cardom electronic and mortar artillery systems, known in the Israel Defense Forces ("IDF") as "Keshet", for a total value of approximately $35 million, for supply over a six-year period.

Elbit Systems employs approximately 10,000 employees in Israel and provides work for an additional approximately 7000 employees of our local subcontractors. The Company operates in 15 different sites throughout Israel, from Kiryat Shmona, Tel-Hai and Karmiel in the North to Ashdod, Arad, Hatzerim and Sderot in the South.

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