Elbit Programs Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Programs”) introduced on December twenty first that it was awarded a framework contract with a most worth of roughly $410 million (roughly 1.89 billion Lei) to produce as much as seven “Watchkeeper X” tactical unmanned plane techniques (UAS) for the Romanian Ministry of Nationwide Protection, with a validity of 5 years. No particular buy order below the contract was awarded but.
The Watchkeeper X UAS is the UK export variant of the British military made by UAV Tactical Programs Restricted (“U-TacS”), Elbit Programs’ UK subsidiary, and is a spinoff of the Hermes UAS household. The Watchkeeper X’ compatibility with NATO requirements permits important interoperability with NATO and different allied forces.
Bezalel (Butzi) Machlis, President and CEO of Elbit Programs, commented: “This contract demonstrates the sustained demand for Elbit Programs’ UAS. We sit up for additional strengthening Elbit Programs’ relationship with the Romanian Authorities. As a part of the contract execution, Elbit Programs plans to ascertain infrastructure and industrial cooperation with U-TacS, Aerostar and Elbit Programs’ subsidiaries in Romania to supply the UAS in Romania. We additionally respect the continued help and collaboration with the Israeli and UK governments and our enterprise companions on the Watchkeeper program. “
