Elbit Systems Will Supply the Avionics for the
Upgrade of Brazilian AMX JetsElbit Systems Will Supply the Avionics for the
Upgrade of Brazilian AMX Jets, for a Total Value
of $187.5 Million
First phase of contract valued at $67 million
Haifa, Israel, November 11, 2008 – Elbit Systems Ltd. (NASDAQ:ESLT) announced that on
November 10, 2008 it was awarded a contract by Embraer, the Brazilian aircraft company, for
the supply of avionics for the Brazilian AMX jet upgrade project. The initial development and
prototype phase of the contract is in an amount of approximately $67 million. The entire
contract, including the subsequent production phase, is valued at approximately $187 million
and is scheduled to be completed through 2014. Implementation of the production phase
following completion of the development and prototype phase is subject to further approval
Elbit Systems was selected as the main subcontractor of Embraer, the prime contractor for the
project and the manufacturer of the AMX jet, which is to be supplied to the Brazilian Air Force.
Elbit Systems will be performing the project in cooperation with its wholly-owned Brazilian
subsidiary Aeroeletronica S.A. (AEL), located in Porto Alegre, Brazil.
Under the project, Elbit Systems and AEL will supply the central battle mission computer of
the AMX, as well as display systems, the ammunition management system and additional
systems. Elbit Systems' Israeli subsidiary, Elisra Electronic Systems Ltd., will supply the
electronic warfare (EW) systems as a major subcontractor to AEL.
Joseph Ackerman, Elbit Systems' President and CEO, said: "We take great pride in our
selection for this important project. We believe our selection reflects the satisfaction of our
Brazilian customers from our past performance, including our long-standing successful
collaboration with Embraer. Our ability to incorporate Elisra's EW systems in this upgrade
project, testifies to the synergy within Elbit Systems portfolio, which enables us to provide our
customers with a wide variety of innovative end-to-end solutions."
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related
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 air vehicle (UAV) systems, advanced electro-optics,
electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military
communications systems and radios. The Company also focuses on the upgrading of existing military platforms
and developing new technologies for defense, homeland security and commercial aviation applications.
Source and full story
http://www.elbitsystems.com/data/ESLT_Brazil_Upgrade.pdf
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