Haifa, Israel, April 2, 2017 Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (Elbit Systems) announced today that its subsidiary, Elbit Systems of America LLC., (Elbit Systems of America) was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for approximately $50 million by the U.S. Navy to provide the Helmet Display and Tracker System (HDTS) with the Continuously Computed Impact Point (CCIP) algorithm, for the MH-60S. The work will be performed in Fort Worth Texas, and completed by June 2021. An initial order of approximately $14.2 million was received.
This award represents the Navys first production order for the line-of-sight helmet tracking system and the integration of targeting symbology in the Armed Helicopter Weapon System (AHWS) for the MH-60S fleet.
Elbit Systems of America is strategically focused on delivering capabilities that aircrews can trust to increase mission effectiveness, said Raanan Horowitz, president and chief executive officer of Elbit Systems of America. The HDTS and CCIP are prime examples of our advanced display and targeting solutions that give aircrews a decisive edge during critical 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 and cyber-based systems. 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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Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd. IR Contact:
GK Investor Relations
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