23 June 2014
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) said it was awarded a contract, valued at approximately USD20m, for the supply of upgraded armoured personnel carriers to the Philippines Armed Forces.
The upgrade will include 25 mm unmanned turrets, 12.7 mm remote controlled weapon stations and fire control systems for 90 mm turrets. The APCs will be supplied over a one-year period.
The contract marks a significant breakthrough for Elbit Systems, as it is the first one awarded to the company in the Philippines.
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. For additional information, visit: www.elbitsystems.com