Elbit Systems wins $56 million Tank Upgrade Contract from unspecified Asian customer

[sudhir007]

2010-10-04 Elbit Systems Ltd. (NASDAQ and TASE: ESLT) announced today that it was awarded an approximately $56 million tank upgrade contract from a customer in Asia. Under the contract, the tank upgrade project will include the installation of advanced battle management systems, as well as cutting edge observation and surveillance systems. The project will be completed within two years.

India Defence has contact Elbit Systems for a confirmation of the identity of the Asian customer

Joseph Ackerman, Elbit Systems' President and CEO, noted: "Our selection for this upgrade project, following previous projects we have carried out for this customer, attests to the high level of satisfaction with our systems and performance." Ackerman added that both Elbit Systems subsidiaries Elbit Systems Land & C4I - Tadiran and Elbit Systems Electro-optics - Elop will take part in the project, and the successful synergy among Elbit Systems' different units enables the Company to offer its customers cutting edge, end-to-end solutions.

About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of 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 aircraft systems ("UAS"), 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, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services.

Elbit Systems wins $56 million Tank Upgrade Contract from unspecified Asian customer | India Defence

 

[SpArK]

Second news of unspecified asian customer. First one was Saab Awacs today .. now this one..

Who is it anyway .. why so secrecy???

 

[SpArK]

Defense electronics co Elbit wins Asia tank deal



Two Elbit Systems subsidiaries will take part in the project.
3 October 10 10:52, Globes' correspondent
Defense electronics developer Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) said today that it has won a tank upgrade contract from a customer in Asia.
The deal is worth approximately $56 million.


Elbit said that the tank upgrade project will include the installation of advanced battle management systems, as well as cutting edge observation and surveillance systems. The project will be completed within two years.

Elbit Systems president and CEO Joseph Ackerman said, "Our selection for this upgrade project, following previous projects we have carried out for this customer, attests to the high level of satisfaction with our systems and performance."

Ackerman added that both Elbit Systems subsidiaries Elbit Systems Land & C4I - Tadiran and Elbit Systems Electro-optics (Elop) will take part in the project.
Elbit Systems shares rose 0.15% on Friday to close at $53.03, giving a market cap of $2.27 billion. Elbit's shares are up 2.1% on the Tel Aviv Stock Exchange (TASE) today.


Defense electronics co Elbit wins Asia tank deal - Globes

@ sudhir can u check the previous customer who availed the service ???

---------- Post added at 06:42 PM ---------- Previous post was at 06:42 PM ----------

It was reported in the Indian media that the Indian state owned DRDO is cooperating with Elbit Systems in the development of Battlefield Management System for the Indian indigenous Arjun tank. BMS integration could follow as part of the continuous Indian upgrades of the T-72M tanks and, and, possibly with the T-90S. Such BMS allows the tank to network with other fighting units, enabling several tanks to network with other each other, to effectively engage multiple targets. On the other hand, Azerbaijan has recently received 62 T-72 tanks from Russian military surplus. Azeri T-72s have already been updated with new fire control and remotely controlled weapon station.

 

[SpArK]

Elbit Systems has developed a number of battle management systems designed for armored combat vehicles. This system employs the TORCH system employed by the IDF as part of the Digital Army Program (Zayad). Photo: Elbit Systems

 

[kingdurgaking]

Second news of unspecified asian customer. First one was Saab Awacs today .. now this one..

Who is it anyway .. why so secrecy???

I guess it can be SriLanka or Indonesia ...

 

[Bhairava]

Few days back there were talks abt India's plans to upgrade its Ajeya tanks.

Maybe this one is related to it.

 

[Capt.Popeye]

Few days back there were talks abt India's plans to upgrade its Ajeya tanks.

Maybe this one is related to it.

@Gounder
2+2=5 ??
It well could be, but let's wait for the cat to be let out of the bag.

 

[SpArK]

Few days back there were talks abt India's plans to upgrade its Ajeya tanks.

Maybe this one is related to it.

India Defence has contact Elbit Systems for a confirmation of the identity of the Asian customer

Have u read this line in the thread starting post???

 

[Bhairava]

Have u read this line in the thread starting post???

Is India Defence an official arm of the MoD.??

 

[Frank Martin]

May be Vietnam,thats why the secrecy..

 

[Urbanized Greyhound]

one thing for certain it cannot be India....with Billions of dollars in upgrades ...and Isreal being one of the Principal arms suppliers.... no logical reason for this secrecy...

might be Vietnam , Taiwan or S Korea .......in anticipation of a future conflict...... though no need for such secrecy as the U.S / Chinese military intelligence would identify the client sooner or later.....