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Elbit Secures $315M Year-End Orders

Dec. 31, 2012 - 01:14PM   |  
By BARBARA OPALL-ROME   |   Comments
Under the contract for Hermes 900 UAVs for the Israeli Air Force,  Elbit will deliver the systems within three years and provide maintenance services through the end of the decade.
Under the contract for Hermes 900 UAVs for the Israeli Air Force, Elbit will deliver the systems within three years and provide maintenance services through the end of the decade. (Elbit)
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TEL AVIV — Israel’s Elbit Systems reported Dec. 31 some $315 million in orders from its primary customer, the Israeli Ministry of Defense, for a variety of systems, including Hermes 900 (UAVs).

According to the Haifa-based firm, the new orders include avionics, electronic warfare, electro-optics, unmanned and land systems to be delivered to the Israel Air Force, Navy and Ground Forces over a period of three to six years.

The two largest new orders, each valued at some $90 million, cover Hermes 900 UAVs for the Air Force and electronic warfare systems for the Air Force and Navy.

Under the UAV contract, Elbit will deliver the Hermes 900 systems within three years and provide maintenance services through the end of the decade. The $90 million order follows the firm’s 2010 debut sale of the Hermes 900 to the Israel Air Force.

As for the electronic warfare contract, Elbit will provide systems for F-15 and F-16 fighters as well as Israel Navy missile boats over the next four years, the company announced.

In a separate $25 million order, the company is contracted to provide advanced observation and long-range target acquisition systems to Israel’s MoD over the next three years.

Yet another contract, valued at some $75 million, includes battle management systems, avionics, virtual training and maintenance services for the Israel Air Force’s Flight Academy.

Finally, the firm will provide some $35 million worth of Cardom automated mortar artillery systems to the Army over a six-year period. Known in the Israeli Army as Keshet, the artillery system was initially developed and produced by Soltam, which was acquired by Elbit in 2010.

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