from the November 2014 issue

Elbit Systems wins contracts worth $85m in Asia

The contracts, mainly for an F-5 fighter upgrade, are with an unnamed Asian country.

Elbit Systems (ESLT) announced today that it has been awarded contracts from an Asian country in a total amount of approximately $85 million. Most of the amount is for an F-5 aircraft avionics upgrade program and the balance is for the supply of electro-optic and communications systems. The contracts will be performed over a three-year period.

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Elbit Systems president and CEO Bezalel (Butzi) Machlis said, "Asia-Pacific is a very important market for Elbit Systems, and we are pleased to be awarded further programs in the region, which programs benefit from the synergies across the various parts of our organization. We are proud to have been selected to perform this aircraft upgrade program, building on our vast know-how and experience in F-5 avionics modernization projects. We have witnessed a growing demand for upgrades of this nature, and we trust that further customers will follow, benefiting from a mature aircraft upgraded with market leading technologies".

The F-5 is an agile, highly maneuverable fighter that has been serving customers for more than four decades, among them the US, Switzerland, Norway and Brazil. Elbit Systems has performed various F-5 upgrades in the past and has supplied mission computers, advanced glass cockpits featuring 3-color displays and operational capabilities, as well as the DASH IV Helmet, Weapon Delivery and Navigation Systems, Electronic Warfare suites, radars, flight simulators, spares and ground support equipment.

Reprinted from the Israel High-Tech & Investment Report November 2014

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