Elbit Systems (Nasdaq: ESLT; TASE: ESLT) has won an order for its Skylark II tactical unmanned aerial vehicle (UAV) from the South Korean military. Financial details of the order were not disclosed, but market sources estimate that it is worth several million dollars.
Selection of the Skylark came after a tender involving extensive technical tests and including UAV manufacturers from all over the world.
The first phase of the contract includes a comprehensive Skylark II system while additional systems are expected in the future.
The SkylarkII mini UAV system is designed for data collection, observation and target marking missions for ranges exceeding 60 kilometers. Its silent, electric propulsion system, allows for optimal performance during day, night and adverse weather missions. The system can be operated by a two-person crew.
Elbit Systems UAV Division general manager Haim Kellerman said: We are proud to be selected by the Korean military and believe that Elbit Systems' unique qualities and operational experience in developing UAVs in general and mini UAVs in particular, will contribute to position the Skylark II as a leader in its field. We believe the Skylark II has great marketing potential as its unique features, including silent electrical propulsion system and efficient combat operating systems, are particularly suitable for brigade level and up, ground forces missions."
The Skylark II boasts is fitted with Elbit Systems Electro-Optics Elop's advanced Micro-CoMPASS multi-faceted payload (day sensor, cooled night sensor, laser illuminator and tracker) as well as Tadiran Spectralink's advanced digital communication system.
Elbit Systems has a market cap of $2.4 billion.
Published by Globes [online], Israel business news - www.globes.co.il - on December 17, 2007
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