Elbit Awarded an ID/IQ Contract With a Ceiling of $500M for the Supply of Squad Binocular Night Vision Goggles to the USMC
November 29, 2023
-Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that according to the announcement of the U.S. Department of Defense (DOD), Elbit Systems’ U.S. subsidiary, Elbit Systems of America – Night Vision LLC, (“Elbit Systems of America”), was awarded an indefinite delivery/ indefinite quantity (ID/IQ) contract with a maximum ceiling of $500 million, for the supply of Squad Binocular Night Vision Goggle (SBNVG) systems; spare and repair parts; contractor logistics supports and test article refurbishment.
Work under the ID/IQ will be performed in Roanoke, Virginia, and is expected to be completed in 2028. Elbit Systems of America received an initial delivery order award under the ID/IQ worth a approximately $127 million immediately following contract award.
The SBNVG is a lightweight helmet-mounted system that provides superior nighttime viewing in various environments and conditions, improving warfighter situational awareness and performance. The system includes an enhanced battery life and high-performing white phosphor image intensification tubes for improved clarity and depth perception.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “This ID/IQ contract for Squad Binocular Night Vision Goggles follows previous orders and cements Elbit Systems of America as a leading partner of choice by the U.S. Marine Corps. We are honored to provide proven and cutting-edge equipment to the men and women of the U.S Marine Corps that will facilitate superior battlefield awareness.”
Raanan Horowitz, President and CEO of Elbit Systems America: “Elbit Systems America is proud of our long history supplying Marines with night vision and electro-optic innovations. We continue to refine our portfolio, offering solutions that enable the networked Warfighter of the future with sophisticated decision aids and display systems.”
Source : Elbit Systems Ltd.
