Defense contractor Elbit wins $167 million contract with an Asia-Pacific country
Deal to supply an aerial intelligence, surveillance, target acquisition and reconnaissance solution will be fulfilled over a 20-month period
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Israeli defense contractor Elbit Systems Ltd. said Wednesday it has won a $167 million contract from an Asia-Pacific country to supply it with a comprehensive aerial intelligence, surveillance, target acquisition and reconnaissance (ISTAR) solution.
The contract will be fulfilled over a 20-month period, the company said in a statement.
Elbit is “witnessing a growing demand” for the comprehensive unmanned aerial system (UAS)-based ISTAR solutions it offers, “as customers increasingly seek wider capabilities in order to effectively and efficiently respond to a broadening range of operational needs,” said Bezhalel (Butzi) Machlis, Elbit Systems President & CEO in a statement.
He said Elbit’s range of products offered in this area is “is aligned with this developing trend.”
Elbit is a tech firm that develops a wide range of defense, homeland security and commercial systems that are sold globally. The firm, whose shares are listed in Tel Aviv and on the Nasdaq, operates in the fields of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance systems, among others.
The Times of Israel Community.