Elbit Systems Awarded a $15 Million Contract to Supply XACT nv32 micro Night Vision Systems to the Netherlands Armed Forces

Rhea-AI Summary

Elbit Systems Ltd. (NASDAQ: ESLT) secured a $15 million contract from the Dutch Ministry of Defense to deliver XACT nv32 micro night vision monoculars over a two-year period, with potential follow-on orders extending to seven years. This builds on previous contracts in the Netherlands related to digital soldier systems and network-combat warfare systems. The XACT nv32 enhances operational effectiveness for both mounted and dismounted soldiers and is already in use by several NATO nations.

Positive

• Awarded a $15 million contract, enhancing revenue stream.
• Potential for follow-on orders over seven years, indicating long-term business prospects.
• XACT product family operational with NATO countries, suggesting strong market acceptance.

Negative

• None.

HAIFA, Israel, Dec. 16, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that it was awarded an approximately $15 million initial contract from the Dutch Ministry of Defense to supply XACT nv32 micro night vision monocular systems for the Armed Forces of the Netherlands. The initial contract will be performed over a period of two-years, with the potential for additional follow-on orders over a period of seven-years.

This contract award joins previous contracts in the Netherlands in the fields of digital soldier systems and network-combat warfare systems, most notably for the VOSS program.

Compact and light weight, with a flip-up head/helmet adapter, XACT nv32 provides high resolution images under adverse conditions while minimizing Line-Of-Sight deviation and is suitable for mounted and dismounted soldiers, Special Forces and law-enforcement teams. Elbit Systems' XACT product family is already operational with a number of NATO countries, including Germany, as well as with the Israeli and the Australian Armed Forces.

Elad Aharonson, General Manager of Elbit Systems ISTAR, commented: "This contract award follows a number of important contracts awarded to Elbit Systems in recent years in the Netherlands. We see the Netherlands as a key market for Elbit Systems, and we intend to continue strengthening our local industrial cooperation and investments in the Netherlands in the years to come".

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 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.

For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Youtube Channel.

Contacts:

David Vaaknin VP, Head of Corporate Communications Tel:  972-77-2946691 Cell: 972-52-8000403 david.vaaknin@elbitsystems.com

Dana Tal-Noyman Manager, International  Corporate Communications Tel: 972-77-2948809 Cell: 972-54-9998809 dana.tal@elbitsystems.com

 

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SOURCE Elbit Systems Ltd.

FAQ

What is the value of the contract Elbit Systems received from the Dutch Ministry of Defense?

Elbit Systems was awarded a contract valued at approximately $15 million.

How long will the Elbit Systems contract with the Netherlands Armed Forces last?

The initial contract will be performed over a period of two years.

What equipment is Elbit Systems providing to the Netherlands Armed Forces?

Elbit Systems is supplying XACT nv32 micro night vision monocular systems.

Are there potential future contracts for Elbit Systems in the Netherlands?

Yes, the initial contract has the potential for additional follow-on orders over a period of seven years.

Which countries currently use the XACT product family?

The XACT product family is operational with several NATO countries, including Germany, as well as Israeli and Australian Armed Forces.