Elbit Systems' UK Subsidiary Awarded $137 Million Contract to Supply the Future Target Acquisition Solution for Soldiers of the British Armed Forces
Elbit Systems Ltd. - Ordinary Shares (ESLT)
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am
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ir.elbitsystems.com
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Source: PR Newswire
HAIFA, Israel, Jan. 21, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that its UK subsidiary, Elbit Systems UK Ltd. ("Elbit Systems UK"), was awarded an approximately $137 million (approximately £100 million) contract by the UK Ministry of Defence to provide the British Armed Forces with the future target acquisition solution for Joint Terminal Attack Controllers and Fire Support Teams under the Dismounted Joint Fires Integrators ("D-JFI") program. The contract will be performed over a five-year period.The D-JFI solution to be provided by Elbit Systems UK, is a networked, passive and active target acquisition solution that acquires, generates and communicates target information to effector systems for effective engagement of joint precision and non-precision fires. The solution is empowered by Artificial Intelligence and will interface with the radio communication systems of the British Army, Royal Air Force and
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