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Elbit Systems Awarded $27 Million Contract to Upgrade Romanian Air Force's IAR-99 Aircraft


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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 systems and live training Embedded Virtual Avionics system as well as Close Air Support and Air to Air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as the F-16. ....

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Elbit Systems wins $27m Romanian Air Force deal


Elbit Systems wins $27m Romanian Air Force deal
The Israeli defense electronics company will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems.
Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has been awarded a contract worth $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 IAR-99 Standard trainer aircraft. The contract will be performed over four years and includes integrated logistic support.
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Under the contract, Elbit Systems will equip the IAR-99 standard aircraft with advanced avionics systems and live training embedded virtual avionics systems as well as close air support and air to air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as th ....

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Elbit Systems Awarded $27 Million Contract to Upgrade Romanian Air Force's IAR-99 Aircraft


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 provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company s future financial results, its anticipated growth strategies and anticipated trends in its business.  Therefor ....

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Elbit supports Romanian trainer aircraft - Training


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 Systems Aerospace, noted: ‘This upgrade programme follows a range of technologies delivered by Elbit Systems to the RoAF in collaboration with Romanian companies, including large-scale upgrades for various fixed-wing aircraft as well as the supply of advanced capabilities for rotary-wing aircraft.’ ....

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Romania awards Elbit $27mln deal for upgrade of Air Force's IAR-99 aircraft


Romania awards Elbit $27mln deal for upgrade of Air Force s IAR-99 aircraft
IAR-99 aircraft
Source: Elbit
BUCHAREST (Romania), December 14 (SeeNews) -  Israel-based defence electronics company Elbit Systems said on Monday that it was awarded a $27 million (22.2 million euro) contract by Romanian aircraft manufacturer Avioane Craiova [BSE:AVIO] as part of a programme for the upgrade of the Romanian Air Force s IAR-99 Standard trainer aircraft.
The contract will be performed over a four-year period and includes integrated logistic support, Elbit said in a press release.
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. This technology upgrade will facilitate an effective transition of Romanian Air Force (RoAF) pilots to the operation of advanced fighter aircraft such as the F-16 ....

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