Rockwell's JV Gets $19.8M Contract - Analyst Blog
March 30 2012 - 11:15AM
Zacks
Yesterday, Vision Systems
International, a joint venture between a unit of Elbit
Systems Ltd. (ESLT) and Rockwell Collins
Inc. (COL), received a contract to supply about 100 Night
Vision Cueing Display (NVCD) systems through November 2013. The
NVCD LRIP-2 contract, valued at nearly $19.8 million, is an
extension of a $3.8 million NVCD LRIP-2 logistics contract awarded
in September 2011.
Under the contract, Vision System
will alter the Helmet Mounted Display (HMD), which is set to
provide NVCD capabilities while providing engineering support.
Vision System will incorporate the NVCD technology into the Joint
Helmet Mounted Cueing System (JHMCS), which is installed in
aircrafts. This will enhance the capability of the Joint Helmet
Mounted Cueing Systems on aircrafts, making it compatible for night
missions.
Currently, the new technology will
be used on board of the U.S. Air Force’s F-15 and F-16 aircrafts,
and Navy’s F/A-18 aircraft.
In November last year, Vision
Systems won a contract from the Aerospace division of defense
behemoth, Lockheed Martin Corporation (LMT) to
enhance the helmet mounted display system (HMDS) on the F-35.
Comprising of two additional phases in the development, the
contract will focus on improving the F-35 HMDS in production for
the 5th generation Lightning II Joint Strike Fighter aircraft.
To date, VSI has produced more than
4,500 joint helmet mounted cueing systems (JHMCS) for the F-15,
F-16 and F/A-18 aircraft. VSI is also currently under contract to
deliver Night Vision Cueing and Display Systems (NVCD) to the US
Air Force and Navy, and the Fifth Generation HMDS for the F-35
Joint Strike Fighter. It also produces the Targo HMDs for multiple
aviation, including fighters, light attack, military airlift and
trainers.
Rockwell Collins is a pioneer in
the development and deployment of innovative communication and
aviation electronic solutions for both commercial and government
applications. It has expertise in flight deck avionics, cabin
electronics, mission communications, information management, and
simulation and training.
Rockwell Collins currently retains
its Zacks #4 Rank, which translates into a short-term Sell rating.
Considering the fundamentals, we are maintaining our Neutral
recommendation on the stock.
ROCKWELL COLLIN (COL): Free Stock Analysis Report
ELBIT SYSTEMS (ESLT): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
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