The contract for the Common Laser Range Finder-Integrated Capability extends through March 2020.
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) unit Elbit Systems of America has been a awarded a $73.4 million contract by the US Marine Corps (USMC) for its Common Laser Range Finder-Integrated Capability (CLRF-IC). The Indefinite Delivery/Indefinite Quantity (IDIQ) contract extends through March 2020. To date, Elbit Systems of America has received an initial order for $7.5 million, under the IDIQ contract.
Elbit Systems of America president and CEO Raanan Horowitz said, "We are pleased to provide the USMC with their new rugged CLRF-IC, a lightweight system that is mission-ready and safer for the foot-mobile Marine. Leveraging the innovative capabilities of our imaging, range finding, and degraded environment navigation solutions, Marines are now able to acquire targets without breaking cover from their concealed fighting positions and minimize impact while on the move."
Published by Globes [online], Israel business news - www.globes-online.com - on March 22, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
Elbit laser range finder
Shiri Habib-Valdhorn and Yuval Azulai