Elbit Systems Ltd. (NASDAQ and TASE: ESLT) was awarded an approximately USD 100m contract by the Israeli Ministry of Defense (IMOD) for the supply of advanced radio systems, the company said.
According to the contract, Elbit Systems will manufacture and provide hundreds of radio systems over the course of five years. In addition, the company is expected to receive additional orders to provide repair and maintenance services for 15 years.
Under the contract, Elbit Systems will provide the IDF with hand held, vehicle mounted and airborne third generation Software Defined Radios (SDRs), enabling advanced network services at a high security level.
The maintenance activity will be performed under an outsourcing model, as part of the Israeli Defense Ministry´s strategy to establish a full array of radio systems at high operational availability while significantly reducing maintenance expenses.
Elbit Systems Ltd. is an international 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.