Elbit Won a $390 Million Contract for Electronic Intelligence in Europe
28 May, 2017
The contract consists of various intelligence capabilities, communications and command and control solutions (C4I)
Elbit Systems was awarded an approximately $390 Million Contract to provide an array of Ground Electronic Intelligence Capabilities to a European Country. The company reported that the contract consists of various intelligence capabilities and communications and command and control solutions (C4I), will be performed over a period of three years. Bezhalel Machlis, President and CEO of Elbit Systems said: “We are providing the customer with a unique intelligence solution, based on cutting-edge technologies, operational know-how and experience.”
Elbit Systems from Israel provides a wide range of defense, homeland security and commercial programs throughout the world. Revenues for 2016 were $3.26 billion. Revenues in the first quarter of 2017 were $749 million. The Company’s backlog of orders totaled $7 billion. Approximately 70% of the current backlog is attributable to orders from outside Israel.
Europe is a Growing Market
Elbit did not disclose the client, but during the last earning call, Machlis said that Europe is a growing opportunity for Elbit Systems. “We see many opportunities for us and mainly in North America as well as in Europe and in Asia-Pacific.” Sales to Europe grew from $498 million in 2015 to $641 million in 2016.
In its annual report for 2016 Elbit said that the leading contributors to revenues were the airborne systems and C4ISR systems.”The increase in the C4ISR systems was primarily due to an increase in sales of command and control systems and radio systems in Europe, Asia-Pacific and in Israel.”
It is also not clear if Ebit will supply a combat or HLS solution to the European country. It is interesting to note that lately it has announces a new line of advanced EO Ground Surveillance Systems for wide-area Intelligence Gathering, called Groundeye. It is a fully-programmable alerting application based on the “safe zone” area, allowing operators to be notified for specific/unusual events.
At the heart of the product line are a panoramic mast-mounted/tripod mounted sensor head that houses the system’s cameras and front-end electronics, an advanced computer processing unit, high-speed image analysis applications (e.g tracking and VMD) and a simplified user control station that is interoperable with the user’s existing command and control center.