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Elbit Systems Awarded $43M Contract to Equip Next-gen Korean Fighter Jets in Development With TF/TA Systems

Elbit Systems Ltd.(NASDAQ: ESLT) announced today that it was awarded a $43 million contract from Hanwha Systems Co. Ltd. (272210:Korea SE) to equip the Next GenerationKoreanfighter jets in development, with embedded Terrain Following-Terrain Avoidance (TF/TA)

Benzinga · 02/06/2020 10:01

Elbit Systems Ltd.(NASDAQ: ESLT) announced today that it was awarded a $43 million contract from Hanwha Systems Co. Ltd. (272210:Korea SE) to equip the Next GenerationKoreanfighter jets in development, with embedded Terrain Following-Terrain Avoidance (TF/TA) systems. The contract will be performed over a six-year period.

Embedding Elbit Systems' TF/TA solution enables fighter jets to fly and maneuver safely at low-altitudes, in zero visibility and harsh weather conditions (Instrument Meteorological Conditions), thereby enhancing their capability to operate undetected in hostile territory. Interfacing with the autopilot system, the TF/TA system to be supplied fuses data from a range of onboard sensors and a digital terrain elevation data base, together with flight performance characteristics,enablingthe aircraft to maintain optimal altitude throughout the mission.

Yoram Shmuely,Executive Vice President andGeneral Manager of Elbit Systems Aerospace Division,said: "We are proud to be in a position to increase the capabilities of Air Forces through joint development with HanwhaSystems Co. Ltd.".