Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) subsidiary Elbit Systems of America LLC has won contracts worth $8.2 million from the US Marine Corps for the company's Helmet Display and Tracker System (HDTS) for the AH-1W Super Cobra attack helicopter. Deliveries will be made during 2010. The company also expects a contract for HDTS production kits and installation in September 2010.
Elbit Systems will retrofit kits to incorporate HDTS into the Super Cobra helicopter. The company won the contract on the basis of successful first flight of HDTS on the Marine Corps Super Cobra in November 2007 at Naval Air Station Patuxent River, Maryland.
The deal marks the first time Elbit Systems' helmet system will be used in this attack platform.
The HDTS system improves pilots' situational awareness and safety by allowing them to fly "head out of the cockpit" during day and night operations, combined with Other Pilot Line of Sight (OPLOS) information.
Elbit Systems' share closed at $63.50 on Nasdaq yesterday, giving a market cap of $2.68 billion. The share rose fell 1.2% by early afternoon on the TASE today to NIS 231.40.
Published by Globes [online], Israel business news - www.globes-online.com - on January 13, 2010
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