Elbit Systems Awarded $109 Million Contract by BAE Systems Hägglunds to Supply Iron Fist Active Protection System for the CV90 Platform
HAIFA, Israel , Sept. 11, 2023 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded a contract worth $109 million to supply BAE Systems Hägglunds (BSH) the Iron Fist Active Protection System (APS) for its CV90 platform, for a European customer. The contract will be carried out over three years.
The Iron Fist APS is characterized by low volume, weight and power requirements. The system provides armored platforms with 360-degree protection from a wide variety of anti-armor threats, such as rocket-propelled grenades (RPG) and up to KE tank rounds in both open terrain and urban environments.
The APS sensor combines the dual technologies of search-and-track radar and infra-red cameras with data fusion algorithms, allowing for the rapid, reliable and accurate threat detection, identification and tracking. The system destroys threats by launching an explosive charge toward the incoming threat’s vicinity, and exploding it to create a shock wave that breaks apart or deflects the threat at a safe distance from the protected platform.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land: “Recent conflicts have shown that armored fighting vehicles and tanks face an increased danger to forces on the battlefield. the Iron Fist has been proven to be effective against a range of threats including kinetic energy rounds and drones, neutralizing them far from troops inside combat fighting vehicles.”
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, 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, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Rami Myerson, Director, Investor Relations
Dalia Bodinger, VP, Communication & Brand
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SOURCE Elbit Systems Ltd.