Elbit Systems wins $173m Asian naval deal

Bezhalel Machlis Photo: Tamar Matsafi

The contract for the Naval Remote Controlled Weapon Stations will be performed over five years.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a $173 million contract to provide Naval Remote Controlled Weapon Stations (RCWS) to the Navy and Coast Guard of an Asia-Pacific country. The contract will be performed over a five-year period.

Under the contract, Elbit Systems will provide lightweight, fully stabilized dual-axis naval RCWS to be installed onboard a wide range of vessels. The Naval RCWS to be provided feature a 12.7mm machine gun and ammunition, Elbit Systems' advanced fire control system and the company's modular electro-optic suite.

Elbit Systems Land and C4I general manager Yehuda Vered said, "We are pleased with this contract award that attests to the quality of our systems. I am confident that the demand for the weapon stations we offer will continue to grow, as customers increasingly recognize our unique capacity to draw on an exceptionally broad portfolio to provide comprehensive operational solutions."

Published by Globes [online], Israel business news - www.globes-online.com - on September 20, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Bezhalel Machlis Photo: Tamar Matsafi
Bezhalel Machlis Photo: Tamar Matsafi
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