Israel Aerospace Industries Ltd. (IAI) and Elbit Systems Ltd. (NASDAQ:ESLT) have announced that their respective subsidiaries, ELTA Systems Ltd. (ELTA) and Elbit Systems Electro-Optics Elop Ltd. (Elbit Systems Electro-Optics) have been awarded a $141 million contract ($54 million awarded to ELTA and $87 million awarded to Elbit Systems Electro-Optics) to supply the Turkish Air Force with combined airborne IMINT (Imagery Intelligence) systems. The contract will become effective upon Elbit Systems Electro-Optics and ELTA completing the process for providing performance bonds for the project, which is anticipated to occur in the coming weeks. Deliveries under the contract will be made over a four-year period. The IMINT systems are developed for UAV payloads, fighter aircraft pods, as well as SAR systems for business jets, with many systems are used for comprehensive ISR (Intelligence, Surveillance and Reconnaissance) applications.



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