Elbit Systems U.S. Subsidiary Awarded $50 Million ID/IQ Contract to Provide Helicopter Systems to the U.S. Army
Elbit Systems (NASDAQ: ESLT) announced that its U.S. subsidiary has secured a maximum $50 million ID/IQ contract from the U.S. Army for spare parts related to the Aviators' Night Vision Imaging System Head-Up Display (ANVIS HUD). The contract, awarded by the Defense Logistics Agency, spans five years, with an initial order worth $17.9 million to be fulfilled by 2023. The ANVIS HUD enhances helicopter pilot situational awareness by displaying crucial information directly in their line of sight, thereby improving operational readiness.
- Awarded a maximum value contract of approximately $50 million.
- Initial order value of $17.9 million to be fulfilled by 2023.
- Contract supports U.S. Army operational readiness.
- None.
HAIFA, Israel, Oct. 7, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), was awarded an Indefinite Delivery/Indefinite-Quantity (ID/IQ) contract with a maximum value of approximately
The ANVIS HUD is a day and night display system that connects to the helmets of Army helicopter pilots, allowing the pilots' heads to remain upright and looking out of the aircraft, with all applicable information presented in front of the pilots' eyes, instead of looking down or inside the cockpit to view information from various sensors.
Raanan Horowitz, President and CEO of Elbit Systems of America, said: "Provisioning ANVIS HUD spares enables U.S. Army pilots to have the equipment available to support aircraft readiness. Elbit Systems of America has a long history of supplying the ANVIS HUD, and we are dedicated to continuing to supply these systems that aid performance, increase operator situational awareness, and ultimately warfighter safety."
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: | IR Contact: |
Joseph Gaspar, Executive VP & CFO | Ehud Helft |
Tel: +972-4-8316663 | Kenny Green |
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Rami Myerson, Director, Investor Relations | |
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SOURCE Elbit Systems Ltd
