Elbit wins USD 82m contract to provide ISTAR solution to Asia-Pacific country

Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) has been awarded an approximately USD 82m contract to provide an Asia-Pacific country with a comprehensive Electro-optic airborne solution, Condor 2, for use in intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions, the company said.

The contract, which is a follow-on order from the same customer, will be performed over a four-year period by Elbit Systems´ ISTAR Division. This program is being performed in cooperation with ELTA Systems Ltd., who is supplying additional content to the same customer.

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.