(By Balaseshan) Elbit Systems Ltd. (NASDAQ: ESLT), an international
defense electronics company, said it has received various contracts
from the Israel Ministry of Defense to supply various systems for a
total value of about $315 million.
The new contracts relate to a variety of the company's
fields of activity and include Unmanned Systems, Electronic Warfare,
Electro-Optic Systems, Avionics and Land Systems.
Systems contract includes 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 about $75 million, covering
deliveries over a six-year period.
Unmanned Systems activity includes 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 about
Electronic Warfare (EW) Systems contract includes systems for F-15
and F-16 fighter aircraft and for the Navy's Missile Vessels, in a total
amount of about $90 million, for supply over the next four years.
Electro-Optic Systems contract includes advanced observation and
long-range target acquisition systems, in an amount of about $25
million, to be supplied over a three-year period.
Systems contract includes Cardom electronic and mortar artillery
systems, known in the Israel Defense Forces (IDF) as "Keshet", for a
total value of about $35 million, for supply over a six-year period.
Elbit Systems employs about 10,000 employees in Israel and provides
work for an additional about 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.
ESLT closed Friday's regular session up 0.65% at $38.44. The stock
has been trading between $29.57 and $42.79 for the past 52 weeks.