STOCK TITAN

­­Elbit Systems U.S. Subsidiary Awarded $29 Million in Orders Under ID/IQ Contract to Upgrade U.S. Army Pilots Night Vision Systems

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Elbit Systems of America has secured $29 million in orders from the U.S. Army for upgrading their AN/AVS-6 Aviator's Night Vision Imaging Systems (ANVIS) with advanced white phosphor image intensifier tubes. This upgrade will enhance the clarity and performance of the night vision goggles used by active duty and National Guard rotary-wing aviation units. Deliveries are expected to be completed by September 2021.

Positive
  • Secured $29 million in orders under an ID/IQ contract for night vision system upgrades.
  • Improved night vision performance enhances operational capabilities for U.S. Army pilots.
Negative
  • None.

FORT WORTH, Texas, June 17, 2021 /PRNewswire/ -- United States Army active duty and National Guard rotary-wing aviation units will receive an upgrade to their AN/AVS-6 Aviator's Night Vision Imaging Systems (ANVIS) with high performance white phosphor image intensifier tubes to be provided by Elbit Systems of America – Night Vision. The upgrade comes through recent orders with an aggregated value of approximately $29 million by the U.S. Army's Program Executive Office (PEO) Soldier under an Indefinite Delivery/Indefinite-Quantity (ID/IQ) contract issued in 2020. The orders will be executed from the Elbit Systems of America facility in Roanoke, Virginia with deliveries through September 2021.

Under the orders, Elbit Systems of America will upgrade the U.S. Army active duty and National Guard rotary-wing aviation units' AN/AVS-6 Aviator's Night Vision Imaging Systems (ANVIS) with high performance white phosphor image intensifier tubes. The night vision upgrade to the U.S. Army fleet's legacy ANVIS goggles will replace the existing green image intensification with high performance white phosphor image intensifier tubes. White phosphor enhances the ANVIS goggles as it presents visuals in black and white detail, which may appear more natural to the eye. The new image intensification tubes will also provide better contrast, along with high image resolution at greater distances for Pilots.

"Our U.S. Army Pilots can successfully achieve their mission and fly with confidence in any light conditions. Upgrading the U.S. Army aviation fleet's goggles to high performance white phosphor provides improved clarity," said Raanan Horowitz, President and CEO of Elbit Systems of America. "Whether Soldiers are on the ground or in the air, our team is committed to providing advanced capabilities to the U.S. Army to suit their evolving night vision needs."

More on Elbit Systems of America – Night Vision: https://www.elbitsystems-us.com/night-vision. 

About Elbit Systems of America, LLC

Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of high-performance products, system solutions, and support services focusing on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. With facilities throughout the U.S., Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.com or follow us on Twitter, LinkedIn and Instagram.

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. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.

Trademarks

Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright ©2021 Elbit Systems of America. All rights reserved.

Forward Looking Statement

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business.  Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings.  The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Media Contacts:

Greg Caires | 682-286-2299 | greg.caires@elbitsystems-us.com

Amy Hartley I 682-286-2411 I amy.hartley@elbitsystems-us.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/elbit-systems-us-subsidiary-awarded-29-million-in-orders-under-idiq-contract-to-upgrade-us-army-pilots-night-vision-systems-301314479.html

SOURCE Elbit Systems of America, LLC

FAQ

What is the significance of Elbit Systems' $29 million order from the U.S. Army?

Elbit Systems has been awarded $29 million for upgrading the U.S. Army's night vision systems, enhancing operational capabilities.

When are the upgrades to the U.S. Army's night vision systems expected to be delivered?

The upgrades are expected to be delivered by September 2021.

What improvements will the new white phosphor tubes provide for the ANVIS goggles?

The new tubes enhance clarity, provide better contrast, and increase image resolution at greater distances.

Under what contract was the $29 million order awarded to Elbit Systems?

The order was awarded under an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract.

What does the upgrade of the ANVIS system involve?

The upgrade involves replacing green image intensification with high-performance white phosphor image intensifier tubes.

Elbit Systems Ltd

NASDAQ:ESLT

ESLT Rankings

ESLT Latest News

ESLT Stock Data

10.51B
24.90M
44.02%
19.55%
0.12%
Aerospace & Defense
Industrials
Link
United States of America
Haifa