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 targets, extract operational insights and reduce human error.
Oren Sabag, Co-General Manager, Elbit Systems ISTAR and EW, commented: “We see a growing demand for the SPECTRO XR system as Naval and Air Forces increasingly seek advanced ISTAR solutions with the unique capacity to maintain superior terrain dominance even in challenging visibility conditions.”
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
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Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 Rami Myerson, Director, Investor Relations Tel: +972-77-2948984 David Vaaknin, VP, Head of Corporate Communications Tel: +972-77-2946691 |
IR Contact: Ehud Helft Kenny Green GK Investor Relations Tel: 1-646-201-9246 |
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SOURCE Elbit Systems Ltd
