Elbit Systems: Winning two contracts worth $ 128 million – the capital market

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Reports winning two contracts totaling about $ 128 million. As part of this, the Dutch army will provide active defense systems and the intentions of an electro-optical commander, and VBTP-type anti-aircraft guns for a land army in a Asia-Pacific country.

The company won a $ 82 million contract from the company BAE Systems Hägglunds Provide the Dutch army with active defense systems and electro-optical commander intentions. The contract will be executed over a period of four and a half years.

Under the contract and as part of the modernization plan led BAE Systems HägglundsElbit Systems will equip armored combat vehicles of the type CV90 Of the Dutch army in active defense systems of the spur arrow type and in the intentions of the commander type Commander Open Architecture Panoramic Sights (“COAPS”). A spur arrow is a lightweight system that uses optical sensors, tracking radars, launchers and countermeasures to neutralize threats at a safe distance with negligible residual damage. COAPS Here is a modular commander’s intention, with two-axis stabilization, which enables fire control calculations and acquisition of long-range targets, day and night, in stationary situations and in motion.

At the same time, the company reported that it had won a contract worth about $ 46 million to supply 6×6 VBTP armored personnel carriers (“VBTPs”) to the land army of an Asian-Pacific country. The contract will be executed over a period of three years.

As the main contractor, Elbit Systems will supply VBTP 6X6 wheeled APCs developed by Iveco Defense Vehicles jointly with the Brazilian Army. Fire, TORCH-XTM battle management systems, E-LynXTM software radio systems, gunner and commander intentions as well as life support systems.

Yehuda (Udi) Vered, CEO of Land and IMI of Elbit Systems: “We are pleased to have the opportunity to cooperate with BAE Systems Hägglunds and to support this important modernization program of the Dutch Army.” In addition, “We are pleased with our continued cooperation with Iveco and in particular with our ability to contribute to the export efforts of the Brazilian defense industry. We believe that our strong sub-systems portfolio puts us in a position to lead armored vehicle acquisition programs, especially when missions And more retinas. ”