October 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Elbit Systems Ltd. (NASDAQ: ESLT) said that its wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, was awarded a $45.5 million indefinite delivery/indefinite quantity contract from the Naval Surface Warfare Center, Crane Division, Crane, Indiana for the supply of a night targeting system upgrade and associated line items for the AH – 1W Cobra helicopters.

Accordding to Elbit, work under the award will be performed in Merrimack, New Hampshire and is expected to be completed over the next five years.

The improvements in the optics of the NTSU system are meant to allow an increase in ability to detect, recognize, identify and prosecute targets at stand-off ranges in all weather and lighting conditions.

The Cobra is an attack helicopter flown by the U.S. Marines.

Israel-based Elbit Systems is a defense electronics company engaged in a range of programs. 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, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.

The company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services.

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