Israeli Firms Awarded $141 Million For Turkish IMINT Systems

Defense Daily, Jan 13, 2009

Subsidiaries of Israel's Elbit Systems [ESLT] and Israel Aerospace Industries (IAI) were recently awarded $141 million by the Turkish air force for combined airborne IMINT (Imagery Intelligence) systems.

"We are very proud that the Turkish air force, one of the most advanced and modern in the world, has chosen our reconnaissance system," Haim Rousso, general manager of Elbit Systems Electro-Optics (Elop), said. "The system is based on a well-developed and proven solution, which has already been chosen by several leading air forces and has recorded thousands of successful operational flight hours in severely demanding conditions."

Turkey awarded $87 million to Elop and $54 million to IAI's ELTA Systems.

The contract will become effective upon Elbit Systems Electro-Optics and ELTA completing the process for providing performance bonds for the project, which is anticipated to occur in the comings weeks, the companies said.

Nissim Hadas, IAI corporate vice president and president of ELTA Systems, said the company was proud to work together with Elop on this program.

"This IMINT systems contract adds an important support to ELTA's position as a world leader in intelligence systems, in general, and in integrated IMINT systems, in particular," Hadas added.

Deliveries under the contract will be made over a four-year period.

[Copyright 2006 Access Intelligence, LLC. All rights reserved.]

TICKER(S): Elbit Systems [ESLT]:

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COPYRIGHT 2009 Gale, Cengage Learning

 

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