Israeli Company Elbit Systems to upgrade main battle tank for a customer in Asia-Pacific region 2103
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Defence & Security Industry News - Elbit Systems
|Friday, March 21, 2014 09:22 AM|
|Israeli Company Elbit Systems to upgrade main battle tank for a customer in Asia-Pacific region.|
The Israeli Company Elbit Systems has been awarded a $290 million contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract will be performed over three years. The tank upgrade includes night vision technology integration. Elbit Systems will also provide equipment such as gunner sights and fire control systems.
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world.
Elbit Systems said that the upgrade program will provide the tanks with night operation capabilities through advanced systems such as gunner sights and fire control systems.
The new contract is a timely boost for Elbit Systems after yesterday’s disappointing fourth quarter and full year results for 2013 saw the company’s share price fall 3.67% on Nasdaq to $59.64, giving a market cap of $2.52 billion.