Haifa, Israel -- Elbit Systems Ltd. announced today that it was awarded an approximately $56 million tank upgrade contract from a customer in Asia.

Under the contract, the tank upgrade project will include the installation of advanced battle management systems, as well as cutting edge observation and surveillance systems. The project will be completed within two years.

Joseph Ackerman, Elbit Systems' President and CEO, noted: "Our selection for this upgrade project, following previous projects we have carried out for this customer, attests to the high level of satisfaction with our systems and performance." Ackerman added that both Elbit Systems subsidiaries Elbit Systems Land & C4I – Tadiran and Elbit Systems Electro-optics – Elop will take part in the project, and the successful synergy among Elbit Systems' different units enables the Company to offer its customers cutting edge, end-to-end solutions.