Elbit Systems Continues Streak with New $280 Million European Deal

Elbit Systems Mission Training Center

Elbit Systems Ltd., an Israeli defense contractor, was awarded a contract to supply, among others, precision munitions, radio and defense electronics systems as well as maintenance services to a European Country, with a cumulative value of approximately $280 million. The nation in question was not revealed.

The contract will be performed over a period of three years.

Elbit Systems, like the Energizer Bunny, just keeps on going and going.

This deal comes just days after Elbit Systems marked 20 years of operating the sixteen GROP G-120-AI aircraft fleet of the Israeli Air Force (IAF) that was established by Elbit Systems in 2002 as a multi-year Private Finance Initiative (PFI) program under which the Company procures, operates and maintains the fleet, providing the IAF with training flight hours. Since the start of operations, high customer satisfaction level has earned Elbit Systems with follow-on contracts to continue delivering this service to the IAF for two consecutive 10-year periods.

The Israeli Ministry Of Defense contracted Elbit Systems for handling two additional training fleets for the IAF – the Texan T-6 basic trainer fleet and the M-346 advanced jet trainer fleet; the Israeli Ministry of Public Security also contracted the Company for the delivery, operation and maintenance of Israel’s Air Tractor aerial firefighting fleet.

And just a few weeks ago, Elbit Systems, Nippon Aircraft Supply (NAS) and Itochu Aviation signed a strategic cooperation Memorandum of Understanding (MOU) to promote mutual cooperation for a range of solutions between the companies.

As part of the MOU, Elbit Systems will provide the main components, technology and knowledge to NAS and Itochu. NAS will provide the capabilities for local integration, manufacturing, test and maintenance and Itochu will lead the marketing of the products in Japan.

Just before that, Elbit Systems Ltd. was awarded four contracts to supply the Romanian Ministry of National Defense with aircraft upgrades as well as electronic warfare suites, electro-optical infrared (EOIR) payloads and Brightnite™ systems for the IAR 300 helicopters.

As part of one of the contracts, the Company will integrate Elbit Systems SPECTRO XR™ payload onto IAR 330 helicopters to enhance the Romanian Navy’s operational capabilities. This contract, which follows a successful upgrade of the Romanian Navy’s IAR helicopters, will be performed over the coming year.

Elbit Systems was also recently awarded a contract to supply Electronic Warfare (EW) self-protection suites for a fighter aircraft that is being supplied to a NATO member country in Europe. The country was not identified.

As part of the contract, Elbit Systems will equip the aircraft with its EW self-protection suite, including Radar Warning Receivers (RWR) and Countermeasure Dispensing Systems (CMDS).

The operational and combat-proven RWR rapidly detects and accurately locates a wide range of enemy threats, even in a dense EW environment, enabling reliable and timely warnings to the aircrew, and an automated or manual response by the CMDS.

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial 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, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. 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.