HAIFA, Israel, Sept. 12, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that its U.S. subsidiary, Elbit Systems of America LLC, (“Elbit Systems of America”), was awarded a $10 million contract by SOSSEC, Inc. to begin phase II of the development of an Advanced Low Light Level Sensor (ALLLS) that is intended to be used to support the U.S. Army’s Integrated Visual Augmentation System (IVAS) 2.0 for soldiers. The contract will be executed through 2025 and the work will be conducted in Roanoke, Virginia.
SOSSEC, Inc. manages the System of Systems Consortium (SOSSEC) and the Sensors, Communications, and Electronics Consortium (SCEC) through the Other Transaction Authority project life cycle of the U.S. Department of Defense.
Under the contract, Elbit Systems of America will develop multiple prototype cameras for laboratory and field testing and experimentation by its Night Vision team. The ALLLS is a critical component to the U.S. Army’s IVAS 2.0 concept that integrates next-generation situational awareness tools and high-resolution digital sensors to deliver a single operating picture. The IVAS 2.0 is intended to be a significantly enhanced head-up display dramatically improving how a soldier senses the surrounding environment and makes critical decisions in the battlefield.
Raanan Horowitz, President and CEO of Elbit Systems of America, said, “Innovation is what we do. Our workforce understands that breakthrough innovations require bold ideas and execution. We are committed, company-wide, to developing new capabilities for our customers. We’re excited to focus on the ALLLS project and accomplish the U.S. Army’s needs, while learning new methodologies along the way.”
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
Joseph Gaspar, Senior EVP – Business Management
Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Rami Myerson, Director, Investor Relations
David Vaaknin, VP, Head of Corporate Communications
GK Investor Relations
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SOURCE Elbit Systems Ltd.