Elbit Wins Boeing Contract

Israel's Elbit Systems Ltd. wins contract to develop the Replacement Head Up Display for Boeing's C-17 Globemaster III military cargo plane.

Gabe Kahn. , | updated: 6:10 PM

C-17 Globemaster III
C-17 Globemaster III

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) is to develop state of the art display systems for the Boeing C-17 Globemaster III, the Israel-based electronics manufacturer announced Wednesday. While developing the Replacement Head Up Display ("RHUD") is not financially material to Elbit, the contract also contains potentially lucrative options for Recurring Production and Repair.

The C-17 Globemaster III provides rapid strategic delivery of troops and cargo to main operating bases as well as tactical airlift and airdrop operations within a theatre of operations. The collective efforts of Boeing and Elbit Systems of America will provide the United States Air Force with a new C-17 RHUD that will enhance the ability of the aircraft to fulfill the United States' worldwide air mobility requirements.

Elbit Systems of America President and CEO, Raanan Horowitz, added: "We are proud to have been selected to perform this project, incorporating leading HUD technology into the world's most advanced airlift aircraft. The selection by Boeing is a testimony to our proven leading technology and to the dedication of Elbit Systems of America to supporting those who contribute daily to the safety and security of the United States."

Elbit Systems is one of the largest defense electronics manufacturers in the world. Based in Haifa, Israel, it employs 11,000 people worldwide in the fields of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.

Elbit Systems also upgrades existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and provides a range of support services.