Elbit Systems U.S. Subsidiary Receives $68 Million ID/IQ Contract
to Supply Head-Up Displays for U.S. Department of Defense
Initial delivery orders totaling $23 million have
been awarded under the ID/IQ contract.
Press Release
Haifa, Israel, October 13, 2010 – Elbit Systems Ltd. (NASDAQ and TASE: ESLT)
announced today that its wholly-owned U.S. subsidiary, Elbit Systems of America,
LLC, was awarded a 5-year, $68 million Indefinite Delivery/Indefinite Quantity
(ID/IQ) contract from the U.S. Army Contracting Command in Huntsville,
Alabama to supply the U.S.Army, Navy, Marines Corps and Coast Guard with
AN/AVS-7 Head-Up Display components including the latest Elbit Systems
of America Flat Panel Day and Night Head-Up Display units.
Initial delivery orders totaling $23 million have been
awarded under the ID/IQ contract. This is a follow-on
contract to a $75M ID/IQ contract awarded in September 2005.
The new display units increase situational awareness and
safety by allowing pilots to fly “head out of the cockpit”
during day and night operations.
Commenting on the award, Elbit Systems of America President and CEO,
Raanan Horowitz noted, “This follow-on order attests to our customer’s
satisfaction with our systems and performance track record.
Elbit Systems of America is pleased to provide cutting-edge
technology for the warfighter, delivering high quality Helmet
Mounted Displays at accelerated pace and supporting critical
missions and needs.
The AN/AVS-7 has proven itself by providing situational awareness and
added safety to Army aviators on all US Army helicopter platforms and
we are proud we can provide now an upgrade to these systems.”
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