Tag Archives: Elbit Systems

Elbit Systems’ EFW Unit Wins $103M Army Contract for Mortar Weapon Systems

A business unit of Elbit Systems (Nasdaq: ESLT) has won a potential five-year, $103 million contract to manufacture 60mm, 81mm and 120mm mortar weapon systems for the U.S. Army. The Defense Department said Wednesday Elbit Systems unit EFW will perform work under the firm-fixed-price contract through Sept. 13, 2021. The Army Contracting Command received three …

Read More »

Elbit Systems Lands $90M Contract to Provide APAC Country Electro-Optic Sensor Tech

Elbit Systems (Nasdaq: ESLT) has received a potential four-year, $90 million contract to supply an Asia-Pacific country with SPECTRO XR electro-optic systems. Bezhalel Machlis, president and CEO of Elbit Systems, said in a statement released Sunday the contract seeks to demonstrate the company’s efforts to develop new systems designed to meet customers’ requirements. SPECTRO XR …

Read More »

Lockheed-Elbit Team Eyes Contract on UK Challenger 2 Tank Life Extension Project

TYSONS CORNER, VA, Aug. 12, 2016 — Lockheed Martin (NYSE: LMT) has teamed with Elbit Systems to pursue a contract with the U.K. defense ministry for the update of the Challenger 2 tanks under the British army’s Life Extension Project, ExecutiveBiz reported Thursday. Lockheed said Wednesday the team plans to perform work …

Read More »

Poland Plans Purchase of UAVs From General Atomics or Elbit Systems

TYSONS CORNER, VA, April 11, 2016 — Poland is planning to purchase long-endurance unmanned aerial vehicles either from Israel’s Elbit Systems or the U.S. company General Atomics, ExecutiveBiz reported Friday. Defense News reported Friday Poland’s military is considering the MQ-9 Reaper, MQ-1C Gray Eagle or Hermes 900 under its Zefir program, which seeks to …

Read More »

Elbit Systems Lands $200M Reconnaissance UAV Supply Contract With Switzerland

Elbit Systems (Nasdaq: ESLT) has received a potential four-year, $200 million contract to supply the Swiss air force with Hermes 900 Heavy Fuel Engine unmanned aerial systems. The contract awarded by Switzerland’s defense, civil protection and sport department also covers the provision of a land-based segment for command, communications and …

Read More »

Elbit Systems Closes Buy of Nice Systems’ Cyber, Intell Division

Elbit Systems (Nasdaq: ESLT) has wrapped up its purchase of Nice Systems’ cyber and intelligence division for an undisclosed amount. Cyberbit Ltd, an Elbit Systems subsidiary, bought the business, Elbit said Wednesday. Elbit formed Cyberbit to integrate the parent company’s cyber intelligence and security activities.

Read More »

Elbit Signs $158M Deal for Nice Systems’ Cyber Division; Bezhalel Machlis Comments

Elbit Systems (Nasdaq: ESLT) has signed an agreement for its Cyberbit subsidiary to purchase the cyber and intelligence division of Nice Systems for up to $157.9 million. Elbit said Thursday it will pay $117.9 million in cash upon the transaction’s scheduled closure in the third quarter of 2015 and up to $40 million under an earn-out agreement …

Read More »

Elbit Systems Lands $133M Homeland Security Tech Deal in Latin America; Butzi Machlis Comments

Elbit Systems (NASDAQ: ESLT) will provide homeland security systems for command-and-control and intelligence applications to an unnamed Latin American country under a one-year, $133 million contract. The company said Wednesday the systems are intended for use in crime fighting, violence prevention and safety and security operations. “This award is another significant milestone for Elbit …

Read More »

Raanan Horowitz: Elbit Systems of America to Install Safety Tech on Marine Helicopters

An Elbit Systems (NASDAQ: ESLT) subsidiary will install helmet display tracker system kits and tactical video data link systems on the U.S. Marine Corps‘ fleet of Bell AH-1W attack helicopters. The Marine Corps awarded an $11.6 million contract to Elbit Systems of America for the helmet display tracker system kits and a separate $8.5 million contract for the …

Read More »

Elbit Systems Wins $123M Airborne Defense Electronics System Contract

Elbit Systems (Nasdaq: ESLT) has been awarded a potential four-year, $123 million contract to provide electronic systems to a European country. The company said Wednesday that the unnamed country will use the defense electronic systems for airborne applications. Elbit Systems is a defense contractor based in Haifa, Israel.

Read More »