Haifa, Israel, March 20, 2014 – Elbit Systems Ltd. (NASDAQ and TASE: "ESLT") (“Elbit Systems”) announced today, that it was awarded a contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract, valued at approximately $290 million, will be performed over a three-year period.
The upgrade program will provide the tanks with night operation capabilities by the supply of a variety of advanced systems, such as gunner sights and fire control systems.
Elbit Systems President and CEO, Bezhalel (Butzi) Machlis, said: “We are very pleased to be awarded this significant contract, demonstrating our unique capabilities and experience in upgrading main battle tanks. Asia-Pacific is one of Elbit Systems’ key markets and we are very glad to announce yet another success in this region”.