Elbit signs European contracts valued at $55m.

By JONATHAN BECK
July 26, 2007 07:03

Scheduled to materialize through 2011, the deal covers 135 vehicles and is pursuant to cooperation with a Finnish armored vehicle company, Patria, the EADS and another Slovenian company.




elibit biz 88 298

elibit biz 88 298. (photo credit: Courtesy Elbit)

Hi-tec arms manufacturer Elbit Systems said Wednesday it has signed two contracts valued at $55 million. The first is a $40m. deal to supply unmanned turrets, weapon stations and other electronic and electro-optic systems for the Slovenian armored vehicle program. Scheduled to materialize through 2011, the deal covers 135 vehicles and is pursuant to cooperation with a Finnish armored vehicle company, Patria, the European Aeronautic Defense and Space company (EADS) and another Slovenian company. Elbit's portion of the Program includes laser detection systems and the delivery, integration and installation of 30mm unmanned turrets and 12.7/40 mm Overhead Remote Controlled Weapon System (ORCWS) onboard Patria AMV 8X8 vehicles. In Romania, Elbit System was awarded a contract to supply unmanned turrets and electro-optic systems valued at approximately $15m. million, with deliveries scheduled to be performed over the next three years. The new deals with the Slovenian and Romanian armies strengthen Elbit's foothold in Europe. In 2006, Elbit signed a $32m. contract to supply similar systems to the Portuguese Army, and early in 2007 a $5 m. contract with Belgium. "Elbit has marked Europe as potentially a main client. These latest deals are another landmark for us in the continent," the company told The Jerusalem Post.


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