Elbit Systems wins USD 110m helicopter upgrades contract

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) has been awarded a 5-year contract from an Asia-Pacific country for the upgrade and maintenance of dozens of Mi-17 helicopters.

The value of the contract is estimated to be USD 110 million.

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 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, and unmanned aircraft systems, among others. It 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.