Elbit Systems wins $115m Israel Police helicopter deal

The contract will be performed over 20 years, and will include acquiring six new helicopters.

Police helicopters

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), Israeli defense electronic company, has been awarded a $115 million contract by Israel’s Ministry of Public Security and Israel Police. The contract is to supply leasing and maintenance services for the Israeli Police Force’s aircraft. The contract, awarded following a public tender, will be performed over 20 years, and will include acquiring six new helicopters, adapting them to meet the police requirements and performing routine maintenance.

The helicopters’ configuration and onboard mission systems will be fitted to accommodate a wide variety of missions such as surveillance and policing, search and rescue, command and control and fire-fighting.

Elbit Systems, which will operate the helicopters under a PFI (Private Finance Initiative) contract, has been successfully operating PFI projects with the Israeli Defense Forces and in a number of countries around the world.

Elbit Systems president and CEO Bezhalel Machlis said, “The decision of the Ministry of Public Security to award the helicopters project to us attests to the success of our PFI based projects, such as operating fixed-wing aircraft, helicopter and unmanned systems fleets, both in Israel and worldwide. We are proud to cooperate, yet again, with the Ministry of Public Security, the Israeli Police Force and the Fire Fighting Forces and to contribute our experience to Israel’s safety and security.”

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