Elbit Systems Ltd. announced that it was awarded contracts in an aggregate amount of approximately $74 million from the Defense Acquisition Program Administration of the South Korean Ministry of National Defense, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force. The contracts will be performed over a five-year period.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land, said: “We see an increase in the demand for our diverse portfolio of munitions as Air Forces seek fires capabilities of greater sophistication and impact.”
Elbit Systems has repeatedly proven its ability to develop and deliver increasingly advanced guided munitions systems and seekers that improve accuracy, enhance firepower, extend operational capabilities and significantly boost safety. The systems are based on the latest-generation technologies, and are incorporated into solutions for both air and ground applications.
Guided munitions products comply with new doctrine demands for high accuracy and low collateral damage, while reducing manpower and increasing firepower within the sensor-to-shooter concept. Optimal solutions for today’s dynamic battlefield, our guided munitions can be launched from a variety of platforms, providing high accuracy and very low collateral damage, in a cost effective manner.
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.