Israeli defense electronics company Elbit Systems Ltd. (NASDAQ and TASE: ESLT) announced that it was awarded an approximately $90 million contract from the Israeli Ministry of Defense for the maintenance of the Israeli Air Force’s fleet of F-16 fighter jets array’s avionics systems. The project, to be performed over 11 years, will include the establishment of a new and cutting edge national maintenance center for the IAF’s squadrons and bases.
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Elbit Systems boasts extensive operational experience in performing outsourcing logistic support services for customers both in Israel and abroad. In addition to a variety of maintenance projects it provides to the Israeli Defense Forces, Elbit Systems also provides these services to many customers worldwide, including in the U.S. and Brazil.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, stated, “Elbit Systems has recognized the growing global trend of maintenance and logistic support services performed via outsourcing. This method of service provides availability of the relevant systems while saving costs and we have been active in these types of services both in Israel and around the world. We are proud of this new outsourcing services contract, attesting to the satisfaction of the IMOD and the IAF with the services we have previously provided in other maintenance projects”.
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems (“UAS”), advanced electro-optics, electro-optic space systems, EW suites, signal intelligence (“SIGINT”) systems, data links and communications systems and radios. It also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.