Elbit Systems Ltd (ESLT)

[genisi]

U-Tacs Awarded $ 110 Million Order By Thales UK
To Provide ISTAR Capability For UK Armed Forces
Haifa, Israel, June 7, 2007- Elbit Systems Ltd. (NASDAQ:ESLT) announced that its UK company with Thales UK - UAV Tactical Systems Ltd. (U-TacS) has been awarded a contract worth approximately $110 million by Thales UK to provide an urgent intelligence, Surveillance, Target Acquisition and reconnaissance (ISTAR) support capability for the UK Armed Forces. The program, will commence immediately and will take place over the next
few years.
The contract includes the provision of Hermes® 450 UAV systems, as well as training of the UK MoD staff in use and maintenance of the system, and the provision of contractor logistic support (CLS) and program management services. This work will be managed from the U -TacS facility in Leicester, UK, which currently employs approximately 100 personnel. U -TacS also provides the core UAV systems for the Thales UK Watchkeeper UAV system.
The President and CEO of Elbit Systems, Joseph Ackerman said: "Once again, we are proud to be a part of a winning team together with Thales UK in a project based on the High End tactical Hermes® 450 UAV, globally recognized as a brand name for UAV
customers worldwide."
U-TacS is held 51% by Elbit Systems with the balance being owned by Thales UK.