Elbit Systems of Australia Awarded Approximately $30 Million Contract for the Supply of Thermal Weapon Sights

Date Announced: 19 Apr 2016

Israeli defense firm to provide lightweight thermal sights to Australian military.

HAIFA, Israel, April 19, 2016 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that its Australian subsidiary, Elbit Systems of Australia Pty Ltd (ELSA), was awarded a contract in an amount of approximately US$30 million (approximately 40 million Australian dollars) by the Department of Defence of the Commonwealth of Australia, for the supply of XACTth65 sights, a member of the Elbit Systems thermal weapon sight product family.

The ground breaking product is recognized as the category leader for its very small size, light weight (only 450 grams) and its full tactical and high performance during day and night operations. The contract, which is a part of project Land 125 phase 3c, will be performed over a two-year period.

Elbit Systems is already supplying the Australian Defence Forces with command, control and communications systems (BGC3), and is in the process of integrating those systems with various sensors.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "Australia is a very important market for Elbit Systems, and we are very proud to be awarded this contract, bringing this new capability and introducing technologically advanced, battle proven and networked solutions to the Australian Defence Force". Machlis added: "As the prime systems integrator for the Battle Management System, we hope to integrate the new thermal weapon sight into the C4I system and we hope we can supply even more ISTAR capabilities that will be implemented in the system".

Source: Elbit Systems

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