$160 Million Contract Elbit Systems to Supply Unmanned Aircraft Systems to European Country 2205122

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Defense Industry News - Elbit Systems
 
 
Tuesday, May 22, 2012, 02:24 PM
 
$160 Million Contract for Elbit Systems to Supply Unmanned Aircraft Systems to a European Country
Haifa, Israel, May 22, 2012 – Israeli Company Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $160 million contract by a European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years.
     
Israeli Company Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $160 million contract by a European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years.
Elbit Systems HERMES 450 UAV Unmanned Aerial Vehicle
     

Joseph Ackerman, President and CEO of Elbit Systems, noted: "More and more customers worldwide have come to the conclusion that Elbit Systems' UAS are the ultimate solution for their operational needs, following years of extensive operational experience accumulated in service with the Israeli Defense Forces (IDF), as well as additional world leading armed forces for their Air, Land and Special Forces.

Technological advancement, a deep understanding of the customer's needs, ongoing development processes that adapt our UAS to the changing requirements of the modern battlefield as well as logistic support, all strengthen Elbit Systems' position as a world leader in this field. We are very proud of this new award, which marks a significant milestone in the chain of our UAS contract awards and we hope that additional customers will follow in selecting our UAS."

     
Israeli Company Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $160 million contract by a European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years.
Elbit Systems HERMES 900 UAV Unmanned Aerial Vehicle