Elbit Systems: $ 137 million contract in the UK – the capital market

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Reports today another contract, Thursday from the beginning of the year. It is a subsidiary of Elbit Systems that has won a $ 137 million contract in England, to provide technology for acquiring targets for soldiers for the British Army, for use by air assistance officers and fire assistance teams. The contract was signed with the British Ministry of Defense for a period of five years.

The D-JFI solution provided by the company is a networked solution for passive and active acquisition of targets, which acquires, produces and transmits target information to the fire systems, for the benefit of effective and integrated operation of accurate and inaccurate fire systems. The solution is amplified by artificial intelligence and will interface with the radio communications systems of the UK Army, Royal Air Force and Royal Marine Corps.

The D-JFI solution integrates a number of the company’s technologies, including: the TORCH-XTM battle management application; HattorixTM system for hidden issuance of high-precision targets; CORAL multi-spectral electro-optical payload for enhanced day and night target acquisition, as well as a long-range RattlerTM XR laser laser. Of artillery and air support.

The British defense budget is one of the largest in Europe and stands at $ 56 billion. In addition, the UK government recently announced a $ 22 billion addition to the defense budget over the next four years. Elbit employs about 500 people in the UK.

Martin Poseit, CEO of Elbit Systems England: “The ability to act quickly and accurately in a hostile environment is essential for our military. The systems provided by Elbit England Systems express our commitment to continue to provide the most advanced technology to those at the forefront. The D-JFI solution will provide an advantage to the UK Army on an increasingly complex battlefield “.

The third contract was for about $ 166 million (about £ 123 million) also with the British Ministry of Defense, according to which the company will provide simulation systems for training submarine crews. In addition, Elbit has been selected in recent years by the British Army for a number of projects. “Tim for the Watchtower National UAV, the establishment and operation of the British Air Force Flight School, the development of artillery training and simulation technology and the development of command and control systems for the British Army.

Prior to winning the International Flight Training Center for the Greek Air Force and operating it for 20 years, the parties will advance negotiations for the signing of a $ 1.7 billion contract. This is the largest defense procurement contract to be signed between Israel and Greece. Of $ 24 million for the supply of tactical computers to the Dutch army.