Elbit Systems Awarded $80 Million Contract to Supply AI-Powered Electro-Optical Systems for Maritime Forces of Asia-Pacific Country
Elbit Systems Ltd. - Ordinary Shares (ESLT)
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am
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Source: PR Newswire
HAIFA, Israel, June 2, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that following competitive technical evaluations it was awarded an approximately $80 million contract by a country in Asia-Pacific to supply SPECTRO™ XR multi-spectral electro-optic ("EO") systems for maritime forces. The contract will be performed over a period of four years. Under the contract, Elbit Systems will supply SPECTRO XR EO systems that will be integrated onboard a variety of maritime platforms. SPECTRO XR is a multi-spectral long-range EO system that provides naval, air and land forces with enhanced intelligence, surveillance, target acquisition and reconnaissance ("ISTAR") capabilities, in both day and night and under low visibility conditions, such as fog, humidity, smoke, haze and dust. Using Artificial Intelligence, SPECTRO XR applies multi-target video tracking, Moving Target Indication and Video Motion Detection to continuously scan for target
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Sec Filings
- 4/17/24 - Form 6-K
- 4/1/24 - Form 6-K
- 3/28/24 - Form 6-K
- ESLT's page on the SEC website