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Thursday, October 23, 2014

Elbit Systems Awarded Approximately $85 Million in Contracts from an Asian Customer to Perform an F-5 Upgrade Program and to Supply Electro-Optic and Communication Systems

RTAF F-5E/FElbit Systems Ltd. announced today that it was awarded contracts from an Asian country in a total amount of approximately $85 million.

Most of the amount is for an F-5 aircraft avionics upgrade program and the balance is for the supply of electro-optic and communications systems. The contracts will be performed over a three-year period.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems. commented: "Asia-Pacific is a very important market for Elbit Systems, and we are pleased to be awarded further programs in the region, which programs benefit from the synergies across the various parts of our organization.

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