Press release
26/07/2006
Elbit Systems Ltd. (Nasdaq Global Market:ESLT) was awarded a contract by the Brazilian aircraft manufacturer Embraer, to supply avionic systems for the Colombian Air Force's Super Tucano aircraft.
Elbit Systems' share of the project is expected to amount to approximately $17 Million and will include also a logistics support package. The current order awarded to Elbit Systems calls for the supply of a major portion of the contract's avionic systems, scheduled to take place during 2006 and 2007.
The agreement between Elbit Systems and Embraer for the supply of aircraft to Colombia is yet a further stage in the cooperation between the two companies. Elbit Systems is already the supplier of avionic packages, equipment, maintenance and logistics services for the Brazilian Air Force Super Tucano aircraft, manufactured by Embraer, an ongoing successful program that has paved the way for further joint ventures.
Joseph Ackerman, President and CEO of Elbit Systems said: "Embraer and Elbit Systems have a successful track record of winning international tenders and we look forward to the success of further ventures worldwide. We are pleased to take part in Embraer's project in Colombia and are confident that the systems integrated in the aircraft will improve its performance and add to the safety of the pilots. I trust that the success of this project will bring about additional programs reflecting the unique capabilities and strengths of both companies."
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