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Elbit subsidiary wins $102M Army Mortar Fire Control Systems contract
HAIFA, Israel, February 16, 2017 Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that its subsidiary, Elbit Systems of America LLC., ("Elbit Systems of America") was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide and field mortar fire control systems for the U.S. Army. The contract was awarded by the U.S. Army Contracting Command, Picatinny Arsenal, New Jersey. If fully ordered, the maximum value of the contract is $102 million to be performed over a five-year period.
"Elbit Systems of America provides soldiers enhanced capabilities and fire power to perform combat missions," said Raanan Horowitz, president and chief executive officer of Elbit Systems of America. "Our company is focused on providing advanced and proven capabilities that our nation's warfighters can trust to accomplish their mission and return home."
Elbit Systems of America's mortar fire control systems for the U.S. Army consist of Mortar Fire Control Systems Mounted (MFCS-M), Mortar Fire Control Systems Dismounted (MFCS-D) and a lightweight handheld mortar ballistic computer. This improves mission success with greater accuracy while reducing potential exposure to the enemy.
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
For additional information, visit: http://www.elbitsystems.com.