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Elbit Systems Awarded $167 Million Contract

By [email protected] - 14th November 2018 - 15:29

Elbit Systems Awarded $167 Million Contract to Supply a UAS-based ISTAR Solution to an Asia-Pacific Country

Haifa, Israel, November 14, 2018 – Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a $167 million contract from an Asia-Pacific country to supply a comprehensive aerial Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) solution. The contract will be performed over a 20-month period.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “We are witnessing a growing demand for the comprehensive UAS-based ISTAR solutions that we offer as customers increasingly seek wider capabilities in order to effectively and efficiently respond to a broadening range of operational needs. I am optimistic about our growth potential in this area as our extensive portfolio is uniquely aligned with this developing trend.”

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