HAIFA, Israel, Aug. 16, 2023 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that its partner in the Australian Land 400 Phase 3 project (the “Project”), Hanwha Defense Australia (“Hanwha”), has reported that it was downselected by the Australian Government, as the preferred tenderer for the Project, with final Government approval to be sought at the conclusion of contract negotiations. Hanwha further reported that Elbit Systems is a key partner to Hanwa to deliver the Redback Infantry Fighting Vehicle (IFV) under the Project.
The Redback integrates the Redback Turret which is based on the the latest generation of Elbit Systems’ 30 mm manned turret with the COAPS gunner sight, additional electro-optic systems, Iron Fist active protection system, Elbit Systems’ Iron-Vision advanced situational awareness head mounted display system and Elbit Systems’ ELAWS laser warning system.
The anticipated contract between Hanwha and Elbit Systems is also contingent upon completion of negotiations between both parties and the Company expects the contract to be in an amount that is material to the Company.
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.