This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore,
IAR-99 fleet to receive new avionics from Israeli company
Elbit Systems is to provide advanced avionics systems and its live training Embedded Virtual Avionics system for installation on the IAR-99 Falcon trainer aircraft, under a $27 million contract from Romanian OEM Avioane Craiova.
The Israeli company added on 14 December that it will also supply undisclosed close air support and air-to-air capabilities to ‘facilitate an effective transition of RoAF [Romanian Air Force] pilots to the operation of advanced fighter aircraft such as the F-16’.
Yoram Shmuely, general manager of Elbit Systems Aerospace, noted: ‘This upgrade programme follows a range of technologies delivered by Elbit Systems to the RoAF in collaboration with Romanian companies, including large-scale upgrades for various fixed-wing aircraft as well as the supply of advanced capabilities for rotary-wing aircraft.’
By Craig Hoyle2020-12-14T16:23:00+00:00
Elbit Systems has been awarded a contract worth $27 million for its role in a project to upgrade the Romanian air force’s IAR-99 Standard jet trainers.
The Israeli company announced its receipt of the subcontract from Romanian airframer Avioane Craiova on 14 December.
Source: M Moira/Shutterstock
Modernisation will transform part of Romania’s IAR-99 fleet
Elbit will supply replacement avionics equipment for the Rolls-Royce Viper-engined type, along with an embedded virtual avionics system. It also will support the integration of “close air support and air-to-air [training] capabilities” as part of the four-year deal, and deliver integrated logistics support.
Romania awards Elbit $27mln deal for upgrade of Air Force s IAR-99 aircraft IAR-99 aircraft
Source: Elbit
BUCHAREST (Romania), December 14 (SeeNews) - Israel-based defence electronics company Elbit Systems said on Monday that it was awarded a $27 million (22.2 million euro) contract by Romanian aircraft manufacturer Avioane Craiova [BSE:AVIO] as part of a programme for the upgrade of the Romanian Air Force s IAR-99 Standard trainer aircraft.
The contract will be performed over a four-year period and includes integrated logistic support, Elbit said in a press release.
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 Romanian Air Force (RoAF) pilots to the operation of advanced fighter aircraft such as the F-16.