Elbit Systems U.S. Subsidiary Awarded a $73.4 Million USMC IDIQ Contract for Common Laser Range Finder - Integrated Capability
Haifa, Israel, March 22, 2015 – Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that the United States Marine Corps (USMC) awarded Elbit Systems of America, LLC ("Elbit Systems of America"), a wholly-owned subsidiary of Elbit Systems, a $73.4 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract, for the Common Laser Range Finder-Integrated Capability (CLRF-IC). The period of the IDIQ contract extends through March 2020. To date, Elbit Systems of America has received an initial order in the amount of $7.5 million under the IDIQ contract.
“We are pleased to provide the USMC with their new rugged CLRF-IC, a lightweight system that is mission-ready and safer for the foot-mobile Marine,” commented Raanan Horowitz, President and Chief Executive Officer of Elbit Systems of America. “Leveraging the innovative capabilities of our imaging, range finding, and degraded environment navigation solutions, Marines are now able to acquire targets without breaking cover from their concealed fighting positions and minimize impact while on the move.”
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 and radios. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.
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Elbit Systems Ltd.
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