Elbit Systems to Upgrade Tanks for a Customer in the Asia-Pacific Region Under $290 Million Contract

24 Maret 2014

Prototype of T-54 M3 MBT upgraded by Israel, VPA will upgrade the entire battalion of 10 tanks T-54 / 55, with each battalion equipped with 31 vehicles. There will be about 310 T-54/55 tanks to be upgraded (photo : hoangsa)

Haifa, Israel – Elbit Systems Ltd. (NASDAQ and TASE:  "ESLT") (“Elbit Systems”) announced today, that it was awarded a contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract, valued at approximately $290 million, will be performed over a three-year period.

The upgrade program will provide the tanks with night operation capabilities by the supply of a variety of advanced systems, such as gunner sights and fire control systems.

Elbit Systems President and CEO, Bezhalel (Butzi) Machlis, said: “We are very pleased to be awarded this significant contract, demonstrating our unique capabilities and experience in upgrading main battle tanks. Asia-Pacific is one of Elbit Systems’ key markets and we are very glad to announce yet another success in this region”.

(Elbit Systems)