Elbit Systems Awarded $82 Million Contract to Supply Protection Systems and Electro-Optical Sights to the Netherlands
Elbit Systems Ltd. (NASDAQ: ESLT) has secured an $82 million contract from BAE Systems Hägglunds to deliver Active Protection Systems (APS) and electro-optical commander sights for the Royal Netherlands Army. This project will enhance the CV90 armored vehicles as part of a modernization initiative spanning 4.5 years. Key systems include Iron Fist APS and Commander Open Architecture Panoramic Sights (COAPS), designed for superior threat neutralization and target acquisition under various conditions.
- Awarded a significant $82 million contract from BAE Systems Hägglunds.
- Contract duration of 4.5 years indicates stable revenue stream.
- Enhancements to CV90 vehicles with advanced Iron Fist APS and COAPS technology.
- None.
HAIFA, Israel, Feb. 7, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately
Under the contract and as part of the modernization program led by BAE Systems Hägglunds, Elbit Systems will equip CV90 armored combat vehicles of the RNLA with Iron Fist APS and Commander Open Architecture Panoramic Sights ("COAPS"). Iron Fist is a lightweight system that uses optical sensors, tracking radars, launchers and countermeasure munitions to defeat threats at a safe distance, with negligible residual penetration. COAPS is a modular dual-axis stabilized sight that facilitates fire control computation and long-range target acquisition in day and night, in both stationary and mobile situations.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land, said: "We are pleased with the opportunity to cooperate with BAE Systems Hägglunds and to support this important modernization program of the RNLA."
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, cyber-based systems and munitions. 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.
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Company Contact:
Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663
Rami Myerson, Director, Investor Relations Tel: +972-77-2948984
David Vaaknin, VP, Brand & Corporate Communications Tel: +972-77-2946691 david.vaaknin@elbitsystems.com
| IR Contact:
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SOURCE Elbit Systems Ltd.
