Elbit Systems' Unit Wins $14 Million Marine Contract
Kollsman to analyze, repair and upgrade night-vision, other systems on Super Cobra helicopters
An Elbit Systems (Nasdaq: ESLT) group company has won a $14 million chunk of a $97 million U.S. Marines project.
The subsidiary, U.S.-based Kollsman, received two preliminary orders to analyze, repair and upgrade various systems on Super Cobra AH-1W helicopters, over five years.
Elbit Systems explains that the contract calls for Indefinite Delivery/Indefinite Quantity. The client is the Naval Inventory Control Point-Philadelphia (NAVICP)/Naval Supply Systems Command.
The systems in question Night Targeting System (NTS) Weapon Repairable Assemblies (WRAs) and System Repairable Assemblies (SRAs) on the copters, Elbit Systems said.
"We are very pleased to be selected by the NAVICP/NAVSUP. This contract continues Kollsman's important work supporting the Marine Corps helicopter mission readiness and demonstrates excellent relations with this depot legacy program," stated Randy Moore, Kollsman's executive VP and general manager.
As of the end of the first quarter of 2007, Elbit Systems' backlog of orders stood at $3.8 billion.
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