Elbit Systems' Brazilian Subsidiary, AEL, to provide EMBRAER with advanced systems for KC-390 program

Posted by Skyler Frink

HAIFA, ISRAEL, Oct 26, 2011. ElbitSystems Ltd. (NASDAQ and TASE: ESLT) announced today that its Brazilian subsidiary, AEL Sistemas S.A. ("AEL"), was awarded by a subsidiary of EMBRAER S.A., EMBRAER Defense and Security, development contracts to provide three additional systems, valued at $25 million for the new KC-390 military transport and refuel jet: Self-Protection Suite (SPS); Directional Infrared Countermeasures (DIRCM); and pilot orientation Head-Up Display (HUD). This selection is in addition to the earlier selection of AEL as the provider of the mission computer for the new jet.

EMBRAER is developing the KC-390 under contract with the Brazilian Air Force. With the initial test flights planned for 2014, the initial delivery of KC-390 planned for 2016.