Elbit Systems U.S. Subsidiary Awarded $76 Million ID/IQ Contract to Supply Head Mounted Display Systems for U.S. Army Apache Helicopters
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, Oct. 6, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today, that its U.S. subsidiary, Elbit Systems of America, LLC., ("Elbit Systems of America"), was awarded an Indefinite Delivery/Indefinite Quantity ("ID/IQ") contract from the U.S. Army to provide Integrated Helmet And Display Sight Systems ("IHADSS") equipment for the AH-64 Apache helicopter fleet. The contract, with a maximum potential value of up to approximately $76 million, will be performed over a five-year period. An initial delivery order of approximately $6 million has been issued under this ID/IQ contract, to be executed over a two-year period. The IHADSS parts will be delivered to the U.S. Army from Elbit Systems of America's Fort Worth, Texas, engineering and manufacturing facility.Elbit Systems of America's IHADSS presents critical information directly in front of the pilot's eye, providing the Apache pilots with a reliable solution that enables mission
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