Elbit Systems clinches $200M helicopter protection contract

by | Nov 17, 2022 | Company Reporting | 0 comments

The Israeli multinational high-tech firm Elbit Systems (TASE: ESLT) which operates in defence sector, has been awarded a contract worth around $200 million to deliver electronic warfare and airborne laser technologies to safeguard the military helicopters of a country in the Asia-Pacific region. The term of the agreement covers four years.

Elbit Systems will provide Infra-Red Passive Airborne Warning Systems (PAWS IR) and Mini-MUSIC Direct Infra-Red Counter Measure (DIRCM) Systems as part of the self-protection suites delivered per the terms of the contract. Both products are meant to improve helicopters’ survivability and efficiency in areas where they may be attacked by shoulder-fired, heat-seeking anti-aircraft missiles. The protection suites will be installed aboard of attack and utility helicopters.

Bezhalel Machlis, President and CEO of Elbit Systems said the following regarding the newly signed deal, “There is an increasing demand across the globe for airborne protection solutions as aircraft, particularly helicopters, face a growing threat from anti-aircraft missiles. Our portfolio of sophisticated yet mature capabilities position us well to address this growing need.”


Submit a Comment

Your email address will not be published. Required fields are marked *

Recent posts

Israel’s Annual Inflation Rate Rises to 2.8%

Israel’s Annual Inflation Rate Rises to 2.8%

Israel’s latest Consumer Price Index (CPI) data, released by the Central Bureau of Statistics, has sparked significant interest and analysis among experts. The figures reveal a notable increase in consumer prices, both on a monthly and annual basis, presenting...

error: Content is protected !!