Elbit gets $112 million contract in Asia-Pacific country
Israeli defense electronics firm will supply the country with ‘advanced airborne intelligence systems’ over six years
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Israel’s defense electronics company Elbit Systems Ltd. said Monday it has won a $112 million contract to supply a country in the Asia-Pacific region with “advanced airborne intelligence systems.” The contract will be fulfilled over a six-year period.
The solution provided by Elbit “addresses both current and future battlefield requirements,” said Bezhalel (Butzi) Machlis, Elbit Systems president & CEO, in a statement. “We see a continuous demand for our systems due to our unique capacity to offer comprehensive and agile solutions encompassing platforms, payloads and analysis technologies.”
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 Nasdaq, operates in the fields of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance systems, among others.
Last month, Elbit completed the purchase of the state-owned Israel Military Industries weapons manufacturer, in a deal estimated at over NIS 1.8 billion ($485 million).
The Times of Israel Community.