Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) today announced that it has been awarded a contract from an Asia-Pacific country to supply a comprehensive airborne solution for use in intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions. The contract, worth $50 million, will be performed over a three-year period by Elbit Systems' ISTAR Division, which will be the prime contractor for this program.
The full scale solution will further develop the customer’s existing intelligence and surveillance capabilities, by upgrading Elbit Systems’ already-deployed, long-range electro-optical (EO) cameras and sensors, and supplementing them with Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) unit Elta Systems's advanced SAR/GMTI Reconnaissance systems. The solution will also provide the ability to perform advanced functions such as mission planning, battlefield management, terrain analysis and simulation modeling, both before and during intelligence-gathering operations.
Elbit Systems president and CEO Bezhalel Machlis said, "By combining multiple sensors, advanced C4I and intelligence analysis systems, all into one integrated solution, we enable customers to carry out more effective and flexible ISTAR operations. There is a growing demand for this sort of solution, and we hope that this project, which marks a significant milestone for us, will lead to more orders from new and existing customers in the near future."
Published by Globes [online], Israel business news - www.globes-online.com - on December 22, 2015
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