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Wired News – Israeli Defense Electronics Company Elbit Systems Gets $46 Million NATO Contract

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LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free report on Elbit Systems Ltd (NASDAQ: ESLT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ESLT . On December 19, 2017, the Company announced that it has been awarded a $46 million contract for the supply of J-Music™ DIRCM (Direct Infrared Countermeasures) self-protection systems to NATO. This is a follow-on contract valued $46 million. Register today and get access to over 1000 Free Research Reports by joining our site below:


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The contract envisions that Elbit Systems provide additional J-Music™ DIRCM self-protection systems for NATO's Airbus A330 Multinational Multi-Role Tanker Transport Fleet (MMF) Program. The contract is for the duration of four years. Under the contract, Elbit Systems will equip NATO's Airbus A330 tankers with the J-Music™ DIRCM systems along with the Company's Infra-Red-based Passive Airborne Warning Systems (PAWS IR).

Management Comments

Commenting on being awarded the NATO contract, Elad Aharonson, General Manager of Elbit Systems ISTAR Division, said:

"This follow-on contract that extends the supply of J-Music DIRCM and PAWS IR missile warning systems to NATO's MMF program, attests to Elbit Systems' technological and operational competitive advantage in addressing the intensifying threat of shoulder-launched surface-to-air missiles."

Colonel Jan der Kinderen, Chairman of the MMF Steering Group, added:

"The MMF users are very pleased that the Multi Role Tanker Transport aircraft (MRTTs) are going to be equipped with Elbit Systems' J-Music DIRCM system. This will greatly add to the safety and operational flexibility of the total fleet. It is also great to see how Airbus and Elbit Systems work closely together to integrate the systems."

Peter DOHMEN, General Manager, NATO Support and Procurement Agency (NSPA), commented:

"NSPA is pleased to award this contract to Elbit Systems and provide an important capability for NATO's A330 tanker fleet, which will allow the aircraft, crew, and passengers to operate more safely in hostile environments."

About Elbit Systems' J-Music™ DIRCM

J-MUSIC™ is one of Elbit Systems' Airborne Self-Protection and Payload Systems. It is a market leading Direct Infra-Red Counter Measures (DIRCM) system, optimized to protect jet aircraft from shoulder-fired missiles (MANPADS). The highly advanced and fully proven J-MUSIC™ system is designed for distributed installation on a variety of aircraft types, in a single or multi-turret configuration. The key features of the system are that it is light-weight, compact, and easily installed on a broad range of aircraft types. The system has an open architecture which allows integration of the system with various Missile Warning Systems (MWS). This makes it one of the most comprehensive and markets' leading protection systems in the civil and military market. The Company has provided these systems to the German Air Force as well as private aircraft owners.

About Elbit Systems Ltd

Haifa, Israel-based Elbit Systems is an international high technology Company engaged in a wide range of defense, homeland security, and commercial programs. The Company and its subsidiaries offer a wide range of aerospace, land, and naval systems which include command, control, communications, computers, intelligence surveillance, and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, and radios and cyber-based systems. The Company also provides a range of additional support services, including training and simulation systems.

Stock Performance Snapshot

December 20, 2017 - At Wednesday's closing bell, Elbit Systems' stock rose 2.21%, ending the trading session at $134.50.

Volume traded for the day: 57.90 thousand shares, which was above the 3-month average volume of 34.23 thousand shares.

Stock performance in the last six-month period – up 7.63%; past twelve-month period – up 34.07%; and year-to-date - up 32.01%

After yesterday's close, Elbit Systems' market cap was at $5.72 billion.

Price to Earnings (P/E) ratio was at 24.28.

The stock has a dividend yield of 1.31%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 0.3% at the end of the session.


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