Elbit Systems Ltd (ESLT) Secures $260M Contract from Airbus Defense and Space
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The $260 million contract is for the supply of J-MUSIC Directed Infrared Counter Measures self-protection systems for the German Air Force A400M transport aircraft fleet. The contract is to be implemented over a period of six years.
Elbit Systems is tasked with the J-MUSIC DIRCM system to defend aircraft from infrared-guided missile threats. The system utilizes laser technology and imaging systems to detect, track, and disrupt incoming missile threats in real-time, eliminating the need for human intervention.
'This contract further strengthens Elbit Systems' position as a leading global provider of DIRCM solutions,' said Bezhalel Machlis, President and CEO of Elbit Systems. 'We are proud to support Germany in enhancing the protection of their strategic air assets.'
Elbit Systems Ltd. (NASDAQ:ESLT) is an industrial company that focuses on defense, homeland security, and commercial aviation. It develops, manufactures, and integrates a wide range of advanced solutions across multiple domains, including land, air, sea, and cyberspace.
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READ NEXT: 12 Best Falling Stocks to Buy Now and 12 Best Copper Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
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