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Business/Financial

Elbit Wins $90 Million Contract For Israeli F-16 Avionics

Tuesday, January 6th, 2015

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Elbit Wins $90 Million Contract For Israeli F-16 Avionics

An F-16C Fighting Falcon releases an AGM-154 Joint Standoff Weapon (JSOW) over the Utah Test and Training Range. Photo: U.S. Air Force.

The Israeli Ministry of Defense (IMOD) awarded Elbit Systems [ESLT] a $90 million contract for the maintenance of the Israeli Air Force's (IAF) F-16 avionics systems, the company said on Jan. 4.The maintenance project is to be performed over 11 years and is to include a new national maintenance center for IAF squadrons and bases, the company noted."Elbit Systems has recognized the growing global trend of maintenance and logistic support services performed via outsourcing. This method of service provides availability…

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