Elbit Systems Awarded Contracts Worth $136M to Supply Laser DIRCM Systems to Countries in Asia-Pacific

Elbit Systems Ltd.(NASDAQ: ESLT) announced today that it was awarded contracts worth approximately $136 millionto provide customers in Asia-Pacific with airborne laser Direct Infra-Red Counter Measure (DIRCM) systems. The contracts will be performed over a fou

Benzinga · 02/10/2020 09:17

Elbit Systems Ltd.(NASDAQ: ESLT) announced today that it was awarded contracts worth approximately $136 millionto provide customers in Asia-Pacific with airborne laser Direct Infra-Red Counter Measure (DIRCM) systems. The contracts will be performed over a four-year period.

Under the contracts, Elbit Systems will equip fleets of Airbus and Boeing aircraft with DIRCM systemsfrom the MUSIC™family, including the Company's infra-red missile warning systems. These contract awards follow recent awards to install DIRCM systems onboard Airbus A400 aircraft of the German Air Force and onboard NATO's Airbus A330 Multinational Multi-Role Tanker Transport (MRTT) fleet.

Elad Aharonson, Executive Vice President and General Manager of Elbit Systems ISTAR Division, commented: "I believe that the recent string of contract awards, by a range of customers, to provide our mature DIRCM systems is a strong testament to the leading position we hold in this area."