Published on 15 January, 2013
|The contract is a part of the Company's December 31, 2012 announcement
Elbit Systems Ltd.’s (the “Company) subsidiary, Elbit Systems Electro-Optics Elop Ltd. (“Elop”) recently was awarded a contract to supply long-range observation and target acquisition systems to the Israel Ministry of Defence ("IMOD"). The contract, to be supplied over a three-year period, is a part of the Company's December 31, 2012 announcement regarding an award by the IMOD of several contracts in different areas in a total amount of approximately $315 million.
This award to Elop is a follow-on to an IMOD contract received in 2011 for the development and production of mobile observation and target acquisition systems for the Field Intelligence Corps. Since then, the systems have already been deployed operationally by the Israel Defense Forces ("IDF"), gaining recognition for their high-quality performance. Adi Dar, General Manager of Elbit Systems Electro-Optics Elop, noted: “These unique systems are considered as world leaders. Light-weight and capable of performing high-quality observation in day, night and low visibility conditions, they have generated significant interest among international customers. The current contract with the IMOD further positions Elop as a world leader in the electro-optic field, and I trust that further international customers will follow the IDF and select this advanced system.”