from the November 2015 issue

Elbit Systems awarded $703 homeland security contract

The Israeli defense electronics firm will provide to an unnamed Latin American customer with Hermes 900 UAS systems.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has been awarded a contract from a Latin American customer. The contract worth $70 million is for the supply of intelligence integrated systems, for homeland security applications.

Under the contract, to be supplied within less than a year, Elbit Systems will provide the customer with Hermes 900 UAS systems and an intelligence gathering system.

Elbit Systems ISTAR Division general manager Elad Aharonson said, "Since establishing the ISTAR Division, we have witnessed a growing demand for solutions combing a range of ISTAR in-house technologies, and we are pleased to be able to supply our customers with our cutting-edge systems, creating a power multiplier."

Reprinted from the Israel High-Tech & Investment Report November 2015

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