Elbit Systems Awarded a $65 Million Contract to Supply a Modernization Solution to a Latin-American Army

Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a contract valued at approximately $65 million to supply a modernization solution to a Latin American Army. The contract will be executed over a period of two and a half years.

Under the contract, Elbit Systems will supply the first fully networked mechanized brigade solution to a Latin American Army, as part of its planned army-wide modernization program. The digitally networked mechanized brigade solution will comprise of Shaldot’s 4X4 and Paramount’s 6X6 armored vehicles equipped with an E-LynX Software Defined Radio mobile network solution, a battle management suite of applications as well as MAGNI mini-Vertical Take-Off and Landing Unmanned Aerial Systems.

We witness a growing recognition by Armed Forces of the necessity of acquiring the capability to conduct interoperable operations. This contract award further validates the leading position we hold in the growing area of combat networked warfare.

Haim Delmar, General Manager of Elbit Systems C4I & Cyber

Source: Elbit Systems news release

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