- Elbit Systems ( NASDAQ: ESLT ) signed a ~$95M contract with the Israeli Ministry of Defense (IMoD) to supply and maintain advanced electro-optical systems for the Israeli Defense Forces (IDF) infantry forces.
- The Israeli company said the contract is for 10 years.
- Under the agreement, Elbit will supply long-range deployable observation systems and tactical target acquisition systems. The company will also provide maintenance services for its electro-optical systems.
- "Our tactical electo-optical systems improve force protection, accuracy and the quick closing of the sensor-to-shooter loop," said Oren Sabag, general manager, Elbit Systems ISTAR & EW.
For further details see:
Elbit inks ~$95M contract with Israel for electro-optical systems