Israel Elbit Systems Tender

Elbit Systems Ltd. Elbit Systems or the Company announced that it was awarded an approximately 30 million contract to supply STYLET a precise Guided Mortar Munition GMM to a country in Asia-Pacific. The contract will be performed over a two-year period. With a range of 1000-8500m STYLET is a multi-mode GPSINS guided 120mm GMM that is designed for tactical combat units and Special-Forces. STYLETs high accuracy of less than 10 meters Circular Error Probable CEP provides ground forces with an affordable precise solution that is easy and quick to operate increasing their operational effectiveness while sharply reducing collateral damage.Yehuda Udi Vered General Manager of Elbit Systems Land commented We are proud of the introduction of this new round into our portfolio of precise Guided Mortar Munitions. We see a growing demand for high-precision guided munitions that are also economically efficient. This contract award underscores the Companys significantly improved positioning in the ordnance area in general and in the area of precise guided munitions in particular following the acquisition of IMI Systems.