IAI and Elbit Systems Awarded $141 Million Contract to Supply Combined Airborne Imagery Intelligence Systems to the Turkish Air Force

Israel Aerospace Industries Ltd. (IAI) and Elbit Systems Ltd. (NASDAQ:ESLT) announced today that their respective subsidiaries, ELTA Systems Ltd. (ELTA) and Elbit Systems Electro-Optics Elop Ltd. (Elbit Systems Electro-Optics) have been awarded a $141 million contract ($54 million awarded to ELTA and $87 million awarded to Elbit Systems Electro-Optics) to supply the Turkish Air Force with combined airborne IMINT (Imagery Intelligence) 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 coming weeks.

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


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