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Elbit Wins $59 Million US, European Contracts

Israeli-based Elbit System has won contracts worth nearly $60 million to help arm the US, Israel and Europe.
By Tzvi Ben Gedalyahu
First Publish: 12/7/2011, 10:39 AM

Elbit's vehicle mounted weapons system
Elbit's vehicle mounted weapons system
Elbit

Israeli-based Elbit System has won contracts worth nearly $60 million to help arm the U.S., Israel and Europe.

The company, traded on the NASDAQ exchange, announced Wednesday that it will upgrade the IDF’s lightweight weapons arsenal. The $11 million contract involves weapons stations mounted on Armored Personnel Carriers (APCs) and Armored Fighting Vehicles (AFVs).

Elbit also will supply a European army with the same system for $10 million.

Betzalel (Butzi) Machlis, General Manager of Elbit’s Land and C4I Division, commented, "We are very proud of our selection to provide LWS to these two customers, reinforcing our position as global leading supplier of diverse types of weapon stations.”

Earlier this week, Elbit announced that the U.S. army has awarded its American subsidiary a five-year contract worth up to $38.5 million for the manufacture of Reliability and Maintainability (R&M) Electronic Module Assemblies (EMA) for all U.S. Air Force Block 30 and Block 50 F-16 Wide Angle Conventional (WAC) Head-Up Displays (HUDs).

The Wide Angle Conventional Head-Up Display (WAC HUD) takes critical flight and mission data which is normally displayed inside the cockpit on an instrument panel and projects that information on a transparent surface directly in front of the pilot allowing for eyes out of the cockpit and improved situational awareness. The new design reduces total part count, lowering power consumption and significantly improving meantime between failures.

Elbit Systems of America president and CEO, Ra'anan Horowitz, states, "We are pleased to provide F-16 operators with this upgraded HUD and to enable increased mission availability through an order of magnitude improvement in reliability.

“For the F-16 HUD, we partnered with the U.S. Air Force to develop a solution which significantly reduces life cycle cost. This is especially important considering the budget pressures faced these days by the U.S. military."

Elbit Systems is an international defense electronics company engaged in a wide range of programs and operates in the areas of aerospace, land and naval systems, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, advanced electro-optics, airborne warning systems and military communications systems.