TEL AVIV (Reuters) – Israeli defense firm Elbit Systems Ltd (ESLT.TA) said on Monday it won contracts worth $136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems.

These systems are designed to protect aircraft against heat-seeking ground-to-air missiles.

The contracts will be carried out over four years.

Under the contracts, Elbit Systems (ESLT.O) will equip fleets of Airbus (AIR.PA) and Boeing aircraft (BA.N) with DIRCM systems, including the company’s infrared missile warning systems.

These contract awards follow recent awards to install DIRCM systems onboard Airbus A400 aircraft of the German Air Force and onboard NATO’s Airbus A330 multinational multi-role tanker transport fleet.

Reporting by Tova Cohen; Editing by Jeffrey Heller

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Boeing is nearing a long-delayed approval for the grounded 737 Max

New York (CNN Business)Boeing appears close to securing key regulatory approvals for its grounded 737 Max to fly again — a potential lifeline for the struggling plane maker. The approval process has moved at a glacial pace, taking more than…

Asian shares extend rally; S&P 500 within 1% of record

Shares advanced in Asia on Tuesday, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. Japan’s Nikkei 225 added 1.9% and Hong Kong gained more than 2%, even as the…

Stocks, euro rise on massive EU stimulus plan

LONDON/TOKYO (Reuters) – World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. The European Commission proposed a package worth in total 1.85…

Shanghai shopping, promotional events off to fast start

Making a car purchase is usually a deliberative and prudent process, but five Cadillac XTs were snapped up in a matter of seconds on Chinese e-commerce site Pinduoduo on Monday, signaling a bargain too good to refuse. Shanghai held a…