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Elbit Systems Reports Fourth Quarter And Full Year 2020 Results

Elbit Systems Reports Fourth Quarter And Full Year 2020 Results

Elbit Systems Awarded $27 Million Contract to Upgrade Romanian Air Force's IAR-99 Aircraft

Share this article Share this article HAIFA, Israel, Dec. 14, 2020 /PRNewswire/ Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ( Elbit Systems ) announced today that it was awarded a contract valued at approximately $27 million from the Romanian-based company, Avioane Craiova S.A., for the first phase of the upgrade program of the Romanian Air Force s ( RoAF ) IAR-99 Standard trainer aircraft. The contract will be performed over a four-year period and includes integrated logistic support. Under the contract, Elbit Systems will equip the IAR-99 Standard aircraft with advanced avionics systems and live training Embedded Virtual Avionics system as well as Close Air Support and Air to Air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as the F-16.

Elbit Systems to Upgrade Romanian Air Force's IAR-99 Aircraft

Elbit Systems to Upgrade Romanian Air Force’s IAR-99 Aircraft (15 Dec 2020) Elbit Systems has been awarded a contract valued at approximately US$27 million from the Romanian-based company, Avioane Craiova S.A. The deal is the first phase of an upgrade program of the Romanian Air Force’s IAR-99 Standard trainer aircraft. Under the contract, Elbit Systems will equip the IAR-99 Standard aircraft with advanced avionics systems and live training Embedded Virtual Avionics system as well as Close Air Support and Air to Air capabilities. The technology upgrade will facilitate an effective transition of Romanian Air Force pilots to the operation

Elbit Systems wins $27m Romanian Air Force deal

Elbit Systems wins $27m Romanian Air Force deal The Israeli defense electronics company will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems. Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a contract worth $27 million from the Romanian-based company Avioane Craiova S.A., for the first phase of the upgrade program of the Romanian Air Force s IAR-99 Standard trainer aircraft. The contract will be performed over four years and includes integrated logistic support. RELATED ARTICLES Under the contract, Elbit Systems will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems as well as close air support and air to air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as the F-16.