Orbit Communication Systems Inc. (TASE: ORBI), a satellite communication company, has announced Lockheed Martin Corporation (NYSE: LMT) selected its Orion Combat 3D Audio Management System (3D-AMS) for the next generation avionics suite of the F-16, the company said.
The Long-Term Agreement includes development, production, and sustainment of audio management systems valued at an estimated contract of USD 46 million.
This agreement will enable continued delivery on current F-16s commitments for partners around the world. The F-16 has been proving its value for decades and continues to remain the best value among 4th generations jets for its high-tech capabilities and affordable lifecycle costs. Today approximately 3,000 aircraft are flying in more than 25 countries.
Orbit Communication Systems specializes in satellite communication, tracking systems, and airborne communication and audio management solutions.
Orbit is a public company traded on the Tel Aviv stock exchange and controlled by the FIMI capital investment firm. The company has a global presence with production, marketing, sales, and support in the USA, Europe and the Far East.