Defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) today announced that its wholly-owned US subsidiary, Elbit Systems of America, LLC has been awarded a directed subcontract from the Brazilian Navy for the upgrade of four Grumman C-1A aircraft. The prime contract is held by Marsh Aviation Company of Mesa, Arizona. The subcontract, valued at $106 million, will be performed by Elbit Systems of America over a five-year period.
The Grumman C-1A upgrade will include aircraft return to service, engine replacement, installation and integration of new avionics (Glass Cockpit), new communication systems and ECS systems, and air to air refueling capabilities.
The upgrade work will be performed in San Antonio, Texas, at the facilities of M7 Aerospace, an Elbit Systems of America subsidiary, under the supervision of Brazilian Navy officers who are currently deployed in San Antonio. When upgraded, the Grumman C-1A aircraft will be designated as KC-2 COD/AAR (Carrier-On-Board/ Air-to-Air Refueling) aircraft for the ultimate use on the Brazilian Navy's aircraft carrier, the NAe São Paulo.
Elbit Systems of America president and CEO Raanan Horowitz said, "We are pleased to upgrade the Brazilian Navy's aircraft. We built a solid reputation of meeting commitments to our customers and with the successful execution of this overhaul and modernization program we will enhance the capabilities of the Brazilian Navy."
Published by Globes [online], Israel business news - www.globes-online.com - on December 23, 2014
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