Universal Avionics, an Elbit Systems Subsidiary, Awarded $33 Million Contract to Supply Enhanced Flight Vision Systems for Boeing 737NG

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that its subsidiary, Universal Avionics Systems Corporation (“Universal Avionics”) was awarded a contract valued at approximately $33 million from AerSale Corporation (NASDAQ: ASLE), to supply Enhanced Flight Vision Systems (EFVS) for Boeing 737NG aircraft. The contract will be executed through 2023.

Under the contract, Universal Avionics will supply the ClearVision  EFVS systems featuring the SkyLens 360-degree field of view Head Wearable Display and the EVS-5000 cameras. ClearVision is a certified combined vision system that is designed to enable commercial aircraft pilots to overcome degraded visibility situations at day and night, allowing them to move in and out of airports faster, saving time and increasing operational efficiency and safety. SkyLens enables pilots to continuously operate head-up and monitor flight information while retaining 3D situational awareness of terrain and aircraft traffic.

Yoram Shmuely, General Manager of Elbit Systems Aerospace, commented: “We see a renewed demand in the commercial aviation market for innovative yet certified vision capabilities that enable efficient and safe flights during degraded visibility situations.”