October 14, 2010 (FinancialWire) (http://www.financialwire.net/) — Elbit Systems Ltd. (NASDAQ: ESLT) said that its wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, was awarded a 5-year, $68 million Indefinite Delivery/Indefinite Quantity contract from the U.S. Army Contracting Command in Huntsville, Alabama.

The contract is to supply the U.S. Army, Navy, Marines Corps and Coast Guard with AN/AVS-7 Head-Up Display components including the Elbit’s flat panel day and night head-up display units.

Elbit said that initial delivery orders totaling $23 million have been awarded under the ID/IQ contract. This is a follow-on contract to a $75M ID/IQ contract awarded in September 2005.

The new display units are meant to increase situational awareness and safety by allowing pilots to fly "head out of the cockpit" during day and night operations.

Israel-based Elbit Systems is a defense electronics company. 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, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.

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