Elbit Systems U.S. Subsidiary Awarded $79 Million ID/IQ Contract to Supply Components for the Bradley Infantry Fighting Vehicle
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its U.S. subsidiary secured a $79 million Indefinite Delivery/Indefinite Quantity (ID/IQ) contract from the Defense Logistics Agency Land. This contract involves supplying gunner hand stations and circuit cards for the Bradley Infantry Fighting Vehicle over five years. An initial purchase order worth $26 million and a subsequent order of $12 million are included for a three-year execution period. The contract aims to enhance the operational capabilities of the U.S. Army's ground forces.
- Award of an ID/IQ contract valued at up to $79 million.
- Initial purchase order of $26 million and a follow-up order of $12 million.
- Contract enhances the operational capabilities of U.S. Army's Bradley Infantry Fighting Vehicle.
- None.
HAIFA, Israel, Aug. 31, 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 by the Defense Logistics Agency Land to supply the U.S. Army with gunner hand stations, commander hand stations and circuit cards for the Bradley Infantry Fighting Vehicle ("IFV"). The contract, with a maximum value of up to approximately
The gunner hand stations enable crew members to target and fire accurately and work in collaboration with the commander hand stations that drive the IFV's turret and initiate signals to the turret fire control systems. The circuit cards provide processing and power supply to the hand station units.
Raanan Horowitz, President and CEO of Elbit Systems of America, said: "Elbit Systems of America is proud to offer critical ground vehicle modernization solutions for the U.S. Army to support accuracy and lethality for Soldiers. Receiving this task order to support the Bradley Infantry Fighting Vehicle means U.S. ground forces remain equipped at all times with the very best technology to complete their missions."
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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Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663
Rami Myerson, Director, Investor Relations Tel: +972-77-2948984
David Vaaknin, VP, Head of Corporate Communications Tel: +972-77-2946691 | IR Contact:
Ehud Helft Kenny Green GK Investor Relations Tel: 1-646-201-9246 |
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