Elbit Systems Awarded a $200 Million Contract to Supply Helicopter Self-Protection Suits to a Country in Asia-Pacific
HAIFA, Israel, Nov. 17, 2022 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at approximately $200 million to supply Electronic Warfare and airborne laser technologies to protect military helicopters of a country in Asia-Pacific. The contract will be executed over a four-year period.
Under the contract, Elbit Systems will supply self-protection suites comprised of the Infra-Red Passive Airborne Warning Systems (PAWS IR) and the Mini-MUSIC Direct Infra-Red Counter Measure (DIRCM) Systems. These protection suites are designed to increase survivability and mission effectiveness of helicopters in arenas threatened by shoulder-fired heat seeking anti-aircraft missiles. The protection suites to be supplied will be installed aboard both attack and utility helicopters.
MUSIC DIRCM systems have been selected to-date by numerous customers across the globe.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "There is an increasing demand across the globe for airborne protection solutions as aircraft, particularly helicopters, face a growing threat from anti-aircraft missiles. Our portfolio of sophisticated yet mature capabilities position us well to address this growing need."
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.
Joseph Gaspar, Senior EVP – Business Management
Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Rami Myerson, Director, Investor Relations
David Vaaknin, VP, Head of Corporate Communications
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