Elbit Systems wins new contracts

In a partnership with Romanian aircraft manufacturer IAR Brasov, the Israeli company Elbit Systems has won two new contracts worth 25 million dollars. The contracts are for upgrades to Romanian Air Force and Navy helicopters, Elbit says. Elbit is one of the leading suppliers of equipment to the Romanian aeronautics industry thanks to its business with Intreprinderea de Avioane Craiova (Craiova Aeroplane Company) and Aerostar Bacau. Major military equipment suppliers across the world have identified the potential for what will be a several hundred million dollar business for the upgrading of Romanian military equipment to meet NATO standards. British BAE Systems, Rolls Royce Group and Lockheed Martin are all probing the market in the hope of concluding big contracts with the Romanian authorities. Elbit will supply Romania with electronic equipment and night flight systems under the new contracts. ZF