Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT subsidiary Kollsman, Inc. , an Elbit Systems of America, LLC, company, was awarded a $26.5 million delivery order from the US Marine Corps (USMC) Systems Command, based in Quantico, Virginia.
The order was placed under a previous indefinite-delivery/indefinite-quantity (ID/IQ) contract for thermal laser spot imagers (TLSI) with accessories and logistic support.
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world
The TLSI to be provided was developed jointly with sister company Elbit Systems Electro-Optics ELOP . The system is an enhanced version of the company's AN/PAS-22 long range thermal imager (LRTI), augmented by incorporation of a laser spot tracker. The long range thermal imager is a portable, binocular, hand-held, battery-operated thermal imager, used for long-range observation, and is currently in service with the US Marine Corps.
The thermal laser spot imagers will be used to identify a laser spot that has been placed on a target as a guidance aid which allows the laser spot to be seen in day or night and in adverse weather. The TLSI works in conjunction with the company's portable laser designator ranger which is also being supplied to the Marines.
Elbit Systems of America CEO Raanan I Horowitz stated: "This award demonstrates our commitment to provide cutting edge electro-optic systems to the US Marine Corps in support of their mission readiness requirements and farther compliments our strong relations with this important customer".
Elbit Systems closed Friday trading on Nasdaq at $55.77, reflecting a market cap of $2.35 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on February 11, 2008
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