Elbit Says Australian DoD Exercises Options For Additional Quantities

(RTTNews) - Elbit Systems Ltd. (ESLT) announced that the Australian Department of Defence has exercised options for additional quantities under an extant contract via a contract change, and also engaged Elbit Systems to conduct a Risk Reduction Activity via a survey and quote under the terms of an extant contract. The total value of both activities is about $229 million, excluding GST. The contract will be performed over a three-year period.

Elbit Systems is the prime contractor of the Australian Defence Forces' or "ADF" Battle Management Systems.

The project, to be performed primarily by Elbit Systems of Australia (ELSA), will support the Australian Army in achieving its digitisation objectives.