Elbit Systems Awarded an Approximately $110 Million Contract for Upgrade of M-17 Helicopters for an Asia-Pacific Country
Haifa, Israel, February 8, 2017 – Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (“Elbit Systems”) announced today that it was awarded an approximately $110 million contract from an Asia-Pacific country for the upgrade and maintenance of dozens of Mi-17 helicopters. The project will be performed over a five-year period.
Elbit Systems has extensive operational experience in rotary-wing modernization activities, including conversion of utility and assault helicopters into multi-role platforms, upgrading existing utility and attack platforms, supplying cutting-edge systems for latest-generation aircraft and providing full maintenance and support packages. Elbit Systems has the flexibility to serve as prime contractor, systems integrator, component supplier or service contractor in order to meet the needs of the specific customer. The solutions are tailored to meet customer demands, whether they are for a single system, large-scale systems, structural upgrades or maintenance and support.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, noted: “We are very pleased to have won this major helicopter upgrade project and for the opportunity to implement our unique and innovative avionic solutions. Elbit Systems is a world leader in the Eastern helicopter upgrade market, having completed and continuing to perform numerous programs which improve operational capabilities and facilitate safer flight, night and day. Since the “aging helicopter” market is growing rapidly and includes numerous Eastern platforms, we hope other customers will follow the selection of our modernization solutions”.
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About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
