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Israeli defense contractor awarded major US Marines contract

Mar 22, 2015

Common Laser Range Finder - Intergrated Capabilities — Elbit's Common Laser Range Finder - Integrated Capabilities

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Elbit's Common Laser Range Finder - Integrated Capabilities — Elbit’s Common Laser Range Finder – Integrated Capabilities

Elbit Systems U.S. Subsidiary Awarded a $73.4 Million USMC IDIQ Contract for Common Laser Range Finder – Integrated Capability.

Haifa, Israel, March 22, 2015 – Elbit Systems Ltd. (NASDAQ and TASE:ESLT- “Elbit Systems”) announced today that the United States Marine Corps (USMC) awarded Elbit Systems of America, LLC (“Elbit Systems of America”), a wholly-owned subsidiary of Elbit Systems, a 73.4 million dollar Indefinite Delivery / Indefinite Quantity (IDIQ) contract.

This contract is for the Common Laser Range Finder-Integrated Capability (CLRF-IC). The period of the IDIQ contract extends through March 2020.

To date, Elbit Systems of America has received an initial order in the amount of $7.5 million under the IDIQ contract.

“We are pleased to provide the USMC with their new rugged CLRF-IC, a lightweight system that is mission-ready and safer for the foot-mobile Marine,” commented Raanan Horowitz, President and Chief Executive Officer of Elbit Systems of America.

Horowitz went on to say that “Leveraging the innovative capabilities of our imaging, range finding, and degraded environment navigation solutions, Marines are now able to acquire targets without breaking cover from their concealed fighting positions and minimize impact while on the move.”