Elbit Systems wins $110M to upgrade M-17 military helicopter avionics

HAIFA, Israel. Elbit Systems Ltd. (NASDAQ:ESLT) won an approximately $110 million contract from an Asia-Pacific country for the upgrade and maintenance of dozens of Mi-17 military transport helicopters, manufactured by Kazan Helicopters in Russia, over a five-year period.

Feb 9th, 2017
Elbit Systems wins $110M to upgrade M-17 military helicopter avionics for Asia-Pacific customer
Elbit Systems wins $110M to upgrade M-17 military helicopter avionics for Asia-Pacific customer

HAIFA, Israel. Elbit Systems Ltd. (NASDAQ:ESLT) won an approximately $110 million contract from an Asia-Pacific country for the upgrade and maintenance of dozens of Mi-17 military transport helicopters, manufactured by Kazan Helicopters in Russia, over a five-year period.

Elbit Systems has operational experience in rotary-wing modernization activities, including conversion of utility and assault helicopters into multi-role platforms, upgrading existing utility and attack platforms, supplying cutting-edge systems for latest-generation aircraft, and providing full maintenance and support packages. Elbit Systems has the flexibility to serve as prime contractor, systems integrator, component supplier or service contractor in order to meet the needs of the specific customer, officials say.

“Since the ‘aging helicopter’ market is growing rapidly and includes numerous Eastern platforms, we hope other customers will follow the selection of our modernization solutions,” says Elbit Systems President and CEO Bezhalel (Butzi) Machlis. “Elbit Systems is a world leader in the Eastern helicopter upgrade market, having completed and continuing to perform numerous programs which improve operational capabilities and facilitate safer flight, night and day.”

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 and electro-optic space systems; EW suites; signal intelligence systems; data links and communications systems; radios; and cyber-based systems. The Company also focuses on upgrading 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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