Elbit Systems wins $29m US Air Force deal

Elbit Systems

The five year contract is for logistics support of the USAF’s F-16 head-up display electric module assemblies.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that its wholly-owned US subsidiary Elbit Systems of America has been awarded a five-year, $29 million contract by the United States Air Force (USAF). The contract is for logistics support of the USAF’s F-16 head-up display (HUD) electric module assemblies.

The contract will be performed by Elbit Systems of America’s subsidiary International Enterprises Industries in Talladega, Alabama.

Elbit Systems of America CEO Raanan Horowitz said, “The F-16 electric module assembly contract was part of a Value Added Engineering Change Proposal (VECP), we presented in support of the USAF and their F-16’s HUD system. By designing a modern electronic system that operates with the current optics of the HUD, we are able to provide the Air Force with an affordable, reliable solution for their diminishing manufacturing source and obsolescence concerns. The result is a substantial increase in operational availability.”

Published by Globes [online], Israel business news - www.globes-online.com - on November 11, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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