Elbit Systems Ltd (ESLT)

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Elbit Systems unit wins thermal imaging order
Opgal’s EYE R25 IR camera is designed for UAVs, gunsights and security systems.
Adi Ben-Israel and Batya Feldman 17 Jul 07 16:06
Opgal Optronic Industries Ltd., owned by Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) and Rafael Armament Development Authority Ltd. in equal shares, has won a $50 million three-year contract with a European company to supply its EYE R25 IR thermal imaging systems.
This is the latest in a slew of contracts by Elbit Systems’ subsidiaries in the past month, including an $80 million contract to supply enhanced tactical computers and other command and control systems to an Asian country, a $97 million maintenance, repair and upgrade contract for US Marines Corps Cobra helicopters, and a $85 million contract to supply new generation, advanced, tactical communications equipment and related services to a European country.

Opgal CEO Dadi Lapidoth said, “This is an important milestone for mass production of the EYE R25. We expect to sign more contracts for the system later this year. This imaging system will be used by a large number of different tools, including unmanned aerial vehicles (UAV), gunsights, and security systems.”

Based in Carmiel, Opgal was founded 20 years ago and has 90 employees. It is considered a leading manufacturer of night-vision and thermal imaging equipment. The company is profitable, and is doubling its revenue every year. The company’s EYE R-25 family of thermal cameras use the 25-micron wavelength for both military and a wide range of industrial applications.

Published by Globes [online], Israel business news - www.globes.co.il - on July 17, 2007