Elbit Systems Awarded $27 Million Contract to Upgrade Romanian Air Force’s IAR-99 Aircraft

Haifa, Israel, December 14, 2020 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a contract valued at approximately $27 million from the Romanian-based company, Avioane Craiova S.A., for the first phase of the upgrade program of the Romanian Air Force’s (“RoAF“) IAR-99 Standard trainer aircraft. The contract will be performed over a four-year period and includes integrated logistic support.

 

IAR-99 aircraft

 IAR-99 aircraft

 

Under the contract, Elbit Systems will equip the IAR-99 Standard aircraft with advanced avionics systems and live training Embedded Virtual Avionics system as well as Close Air Support and Air to Air capabilities. This technology upgrade will facilitate an effective transition of RoAF pilots to the operation of advanced fighter aircraft such as the F-16.

 

IAR-99 aircraft

 IAR-99 aircraft[/caption]

 

Yoram Shmuely, General Manager of Elbit Systems Aerospace, commented: “We are honored to provide continued support for the RoAF. This upgrade program follows a range of technologies delivered by Elbit Systems to the RoAF in collaboration with Romanian companies, including large scale upgrades for various fixed-wing aircraft as well as the supply of advanced capabilities for rotary-wing aircraft.”

 

IAR-99 aircraft

 IAR-99 aircraft[/caption]

 

 

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported as of March 18, 2025 approximately $6.8 billion in revenues and an order backlog of approximately $22.6 billion.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact: 

Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella L. Finn, VP Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com