Sunday, January 9, 2011

Isreal's Elbit Wins $260M Turret Order from Brazil

Elbit Systems Ltd. announced that its Brazilian subsidiary, Aeroeletronica Ltda. ("AEL") was awarded a framework contract, valued at up to 440 million Brazilian Reals (approximately $260 million) for the supply of UT30 BR 30 mm Unmanned Turrets to the Brazilian Army's Land Forces, as part of the Guarani Project.

This award follows an award of a contract to Elbit Systems in 2009 to supply several Unmanned Turrets in an open tender in which leading global manufacturers took part.

The contract calls for Elbit Systems' UT30 BR to be installed onboard a few hundred of Iveco 6x6 APCs, according to a schedule and a multi-year funding profile to be defined by the parties.

Joseph Ackerman, President and CEO of Elbit Systems, commented: "We are honored to have been awarded this significant contract by the Brazilian Ministry of Defense/Brazilian Army, a highly valued customer. The award is a major milestone for AEL in our continuing process to enhance local Brazilian capabilities and technologies. Winning such a prestigious project attests to our leadership in the field of innovative land solutions, and we hope other customers will follow, both in Latin America and throughout the world."

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