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Share this article Share this article HAIFA, Israel, Dec. 14, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at approximately $27 million from the Romanian-based company, Avioane Craiova S.A., for the first phase of the upgrade program of the Romanian Air Force's ("RoAF") IAR-99 Standard trainer aircraft. The contract will be performed over a four-year period and includes integrated logistic support. Under the contract, Elbit Systems will equip the IAR-99 Standard aircraft with advanced avionics syst...

Elbit Systems to Upgrade Romanian Air Force’s IAR-99 Aircraft (15 Dec 2020) Elbit Systems has been awarded a contract valued at approximately US$27 million from the Romanian-based company, Avioane Craiova S.A. The deal is the first phase of an upgrade program of the Romanian Air Force’s IAR-99 Standard trainer aircraft. Under the contract, Elbit Systems will equip the IAR-99 Standard aircraft with advanced avionics systems and live training Embedded Virtual Avionics system as well as Close Air Support and Air to Air capabilities. The te...

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor ...

IAR-99 fleet to receive new avionics from Israeli company Elbit Systems is to provide advanced avionics systems and its live training Embedded Virtual Avionics system for installation on the IAR-99 Falcon trainer aircraft, under a $27 million contract from Romanian OEM Avioane Craiova. The Israeli company added on 14 December that it will also supply undisclosed close air support and air-to-air capabilities to ‘facilitate an effective transition of RoAF [Romanian Air Force] pilots to the operation of advanced fighter aircraft such as the F-16’. Yoram Shmuely, general manager of Elbit Sys...