This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Elbit Systems Of America Selected For Award To Provide The U.S. Army With Skylark® I LE, Block 2

Stocks in this article: ESLT

FORT WORTH, Texas, January 16, 2013 /PRNewswire/ --

Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems Ltd., has been selected for award by the U.S. Army ACC-APG, Natick Contracting Division on behalf of the Small Unmanned Aircraft System (SUAS) Product Office. Elbit Systems of America was selected with four other companies to provide the full spectrum of SUAS products. The scope of the award includes providing support and capability upgrades to current systems fielded by the U.S. Army including the RQ-11B Raven and the RQ-20A Puma. In addition, the customer has the option to procure the Elbit Systems of America Skylark® I-LE Block II as an alternative Medium and Long-Range SUAS to meet anticipated future requirements.

Although this is a selection for award, the customer has no definitive purchasing obligation. The total aggregate potential value of all delivery orders to be awarded to all five companies under this award is $248M.

As part of this requirement, Elbit System of America will provide the U.S. Army with the Skylark® I-LE Block II, a long-range SUAS with the capabilities normally associated with a larger class unmanned system. Skylark® I-LE Block II features include an increased thrust-to-weight ratio for hand launch and aerodynamic performance in severe environments, the incorporation of an open system data link making the Skylark Ground Control Station agnostic, and the integration of the next generation EO/IR payload for both day and night operation.

"The innovative solutions found in the Skylark ® I-LE Block II, offer more mission flexibility, enabling the Skylark to fly higher without degradation of imagery. These discriminating capabilities are designed to meet the military challenges of today and in the future," stated Elbit Systems of America President and CEO, Raanan Horowitz. "Our mission is to provide solutions that protect and save lives. The Skylark ® I-LE Block II is designed to meet the needs of our warfighters so they may successfully complete their missions."  

About Elbit Systems of America, LLC

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs