Israeli defense firm Elbit wins $670 million contract with Asia-Pacific country
Deal to be carried out over 25-month period; is the largest of several recent sales by company in the region
Luke Tress is The Times of Israel's New York correspondent.
Israeli defense firm Elbit Systems said Tuesday that it had won a contract worth some $670 million to supply defense products to an unnamed country in the Asia-Pacific region.
The deal will be carried out over a 25-month period.
“This significant contract award is a testament to the trust that customers place with our solutions and to the leading position we hold in the market,” Elbit CEO Bezhalel Machlis said in a statement.
Elbit has disclosed over $1 billion in contracts since the start of 2020.
The company has made several deals in the region in recent months.
On February 10 Elbit said it had secured $136 million in contracts to provide Asia-Pacific customers with airborne laser defense systems over a four-year period.
The Direct Infra-Red Counter Measure systems will equip Airbus and Boeing aircraft to counter heat-seeking ground-to-air missiles. The system protects commercial Israeli airlines, and is used by the Italian and Brazilian air forces.
Earlier in February Elbit said it had won a $43 million deal to equip South Korean fighter jets with its Terrain Following-Terrain Avoidance system, which allows the planes to fly more safely at low-altitudes, in poor visibility and in difficult weather.
In October 2019, Elbit announced a $153 million drone deal with an Asian country to supply it with a networked, multi-layer drone system, with aerial vehicles of varying sizes and capabilities, from its THOR mini-drones to the medium-sizes Hermes surveillance aircraft.
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