Released under the GIC Framework
Haifa, Israel, May 14, 2009 - Elbit Systems Ltd. (NASDAQ: ESLT) announced today that its wholly owned U.S. subsidiary, Elbit Systems of America was awarded a contract from the U.S. Army for the Mortar Fire Control (MFC) Systems Integration program. The contract is a hybrid Indefinite Delivery /Indefinite Quantity-Time and Materials (ID/IQ-T&M) type contract, which provides for orders up to $197.5 million amount over a five-year period. The initial order under the contract is valued at approximately $22 million and is expected shortly. Under the contract, Elbit Systems of America will perform systems integration, development, production, fielding and support of the U.S. Army’s Mortar Ballistic Computer and various types of Mortar Fire Control Systems. Work on this program will be performed in Fort Worth, Texas and by several subcontractors across the United States.
Raanan Horowitz, president and chief executive officer of Elbit Systems of America stated, “We are excited to be chosen by the U.S. Army for this important program. We bring to this effort a wide breadth of fire control systems experience as well as the potential for making future improvements and adding operational capabilities. Elbit Systems of America will be providing the Army with mortar fire control systems that increase accuracy and timely fires, and will do so while improving supply chain responsiveness and affordability.”