HAIFA, Israel, September 8, 2015 – Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (“Elbit Systems”), announced today that it was awarded a contract from a European country to supply an Unmanned Aircraft System (UAS)-based cutting-edge intelligence solution. Valued at approximately $78 million, the contract will be performed over a two-year period by Elbit Systems’ ISTAR Division, established several months ago, as a result of combining Elbit Systems’ Electro-optics – Elop and UAS Divisions.
Elbit Systems’ solution will consist, among other elements, of AMPS (Advanced Multi-Sensor Payload System) – a multi-sensor electro-optics system capable of long-range visual intelligence for both day and night. The system is adaptable for a large variety of airborne applications and serves as an important building block for the integrated intelligence solution.
Elad Aharonson, General Manager of Elbit Systems ISTAR Division commented: “We are proud of this contract award to supply a solution that answers the current and future requirements of the high level intelligence systems’ market. We develop and tailor end-to-end solutions that meet the demands and specific expectations of our customers. I believe that our systematic capabilities, that enable an optimal integration between UAS and our intelligence systems, will enhance our position as a world leader in ISTAR activities resulting in further achievements in the international market.”
About Elbit Systems Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.