Israel’s defense contractor Elbit signs $570M in global contracts this week

Within the past week, the Haifa-based Elbit Systems was awarded:
• $31.5 million contract for night vision systems to US Defense group,
• $300 million deal for command & control technology to Asia-Pacific client,
• $240 million deal to provide electronic defense systems to an African client.

By Israel Hayom Staff

 

Israeli defense contractor Elbit Systems announced a series of deals signed over the past week to the tune of over $570 million.

Haifa-based Elbit is considered one of the world’s top defense contractors. It develops primarily defense electronic systems and operates in the fields of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance systems, unmanned aircraft systems, electro-optics, signal intelligence, data links and communications systems and radios.

Elbit Systems’ headquarters in Matam, Haifa technology park. – Photo: Wikimedia Commons

The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security, and commercial applications and providing a range of support services, including training and simulation systems.

On Tuesday, the company announced that its U.S.-based subsidiary, Elbit Systems of America, was awarded a $31.5 million contract by the Defense Logistics Agency Land and Maritime, a combat support agency in the United States Defense Department, to provide it with aviator night vision imaging system head-up displays. The work will be performed over a two-year period.

“Elbit Systems of America is committed to providing America’s warfighters with the very best in advanced technology HUD,” said Raanan Horowitz, CEO of Elbit Systems of America. “We are a proven and trusted partner for component capabilities critical for platform mission readiness.”

The statement came on the heels of another deal, announced over the weekend, in which the company said it signed a $300 million contract to supply command and control systems to a large Asia-Pacific client. Elbit did not name the client, saying only the project will be carried out over the next three years.

“We are proud to be selected to provide a command and control solution, which is based on Elbit Systems’ cutting-edge technologies and operational experience,” Elbit President Bezhalel Machlis said. “We are considered one of the world’s leaders in the command and control field and we trust that other customers will follow this Asia-Pacific customer.”

Last Tuesday Elbit announced it had inked a $240 million contract to provide a wide array of defense electronic systems to an African nation. The company did not name the nation, saying the project will be carried out over the next two years.

The deal will see Elbit provide its African client with directed infrared countermeasure systems to protect aircraft from shoulder-fired missiles, and includes missile warning systems, radio and communication systems, ground systems, mini-UAS systems and helicopters upgrade.

Commenting on African deal Machlis said, “We are proud to have won this contract, allowing us to provide our customer with a variety of systems and capabilities from different fields, a growing trend we have witnessed lately in many countries.

“Our unique structure enables the customer to benefit from the synergy of its overall capabilities while, at the same time, focus on its requirements. Our portfolio, based on cutting-edge technologies and operational know-how, allows us to customize our solutions and tailor them to our customer’s needs, and we hope others will follow this trend.”

 

View original Israel Hayom publication at:
http://www.israelhayom.com/2017/10/04/defense-contractor-elbit-wins-570m-contracts-is-us-asia-pacific-africa/

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