Elbit Systems wins $27m Romanian Air Force deal

Elbit Netanya Industrial Zone  / Photo: Bar Al Globes , Globes

The Israeli defense electronics company will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a contract worth $27 million from the Romanian-based company Avioane Craiova S.A., for the first phase of the upgrade program of the Romanian Air Force's IAR-99 Standard trainer aircraft. The contract will be performed over four years and includes integrated logistic support.

Under the contract, Elbit Systems will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems as well as close air support and air to air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as the F-16.

Elbit Systems Aerospace general manager Yoram Shmuely said, "This upgrade program follows a range of technologies delivered by Elbit Systems to the RoAF in collaboration with Romanian companies, including large scale upgrades for various fixed-wing aircraft as well as the supply of advanced capabilities for rotary-wing aircraft."

Published by Globes, Israel business news - en.globes.co.il - on December 14, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Elbit Netanya Industrial Zone  / Photo: Bar Al Globes , Globes
Elbit Netanya Industrial Zone / Photo: Bar Al Globes , Globes
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018