Benzinga | Apr 20, 2021 05:55AM EDT

Elbit Systems' U.S. Subsidiary Awarded $41M Order as Part of the Night Vision Goggles IDIQ Contract for the U.S. Marine Corps

Elbit Systems Ltd. (NASDAQ:ESLT) announced today that its U.S. subsidiary, Elbit Systems of America LLC, ("Elbit Systems of America"), was awarded a delivery order valued at approximately $41 million for the supply of night vision systems and various spare components to the U.S. Marine Corps. The order will be executed in Roanoke, Virginia and will be supplied through March 2022.

This order is part of a $249 million five-year Squad Binocular Night Vision Goggles Indefinite Delivery Indefinite Quantity (IDIQ) contract from September 6, 2019, under which the U.S. Marine Corps are supplied with Squad Binocular Night Vision Goggle ("SBNVG") systems consisting of high-performance, white phosphor image intensifier binoculars, modular uncooled thermal imaging sensors and common external power supplies providing Marines improved mobility and situational awareness during night operations.

Raanan Horowitz, President and CEO of Elbit Systems of America, said, "Marines need to quickly understand their surroundings and act to engage their targets no matter the light conditions and Elbit Systems of America's SBNVG provides this power in a lightweight, adjustable systemthat is an ideal upgrade."