North Texas companies Elbit Systems of America and Peak Nanosystems were awarded military contracts this week worth a combined $90 million to provide technology for weapons and armor.
Fort Worth-based Elbit was awarded a contract totaling up to $79 million to supply the U.S. Army with parts for the Bradley Fighting Vehicle, an armored infantry support vehicle. The Red River Armor Depot, roughly 200 miles northeast of Dallas in Texarkana, provides maintenance for the Bradley system.
Elbit’s five-year contract is to provide parts for the vehicle’s gunner turrets and accompanying circuitry. The Army’s initial $26 million purchase is followed by a second $12 million order to be completed over a three-year period.
“Our team is proud to offer critical ground vehicle modernization solutions for the U.S. Army to ensure accuracy and lethality for soldiers,” Elbit Systems of America president and CEO Raanan Horowitz said in a statement. “Receiving this task order to support the Bradley Infantry Fighting Vehicle means U.S. ground forces remain equipped at all times with the very best technology to complete their missions.”
Elbit Systems of America is the U.S. subsidiary of Israel-based Elbit Systems Ltd., which generated $4.5 billion in revenue last year. Its North America business accounted for nearly $1.3 billion, or 28% of total revenue. In September 2019, Elbit Systems of America bought the night vision business of L3Harris Technologies for $351.5 million.
Coppell-based nanotechnology firm Peak Nanosystems was awarded a $5 million, five-year contract by the U.S. Army with the potential for an up to $11 million payout. The contract went to Peak Nanosystems subsidiary, PolymerPlus LLC, which the tech firm acquired in April.
As part of the contract, PolymerPlus will partner with Case Western Reserve University researchers and the U.S. Army Combat Capabilities Development Command’s Army Research Laboratory to develop and manufacture “ultra-tough” plastics to be used in armor and transportation as well as weapon systems.
“Our partnership with the U.S. Army and Case Western Reserve University to advance polymer research builds on a strong foundation of collaboration we have successfully developed with Case over the last few years,” Peak Nanosystems president Chad Lewis said in a statement.
Case Western is a private university in Cleveland known for its polymer science innovation.
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