Elbit Systems to upgrade Azerbaijani T-72 tanks
Earlier this month, Elbit System has announced an approximately $56 million tank upgrade contract from a customer in Asia.
Under the two year contract, the company will provide Azerbaijan’s T-72s with state-of-the-art battle management systems as well as observation and surveillance systems.
“The project will be implemented with the participation of Elbit Systems Land & C41 – Tadiran and Elbit Systems Electro-optics Elop companies,” President of Elbit Joseph Ackerman said in a company statement.
According to AzerNews, this financial boost doubles the Israel defence budget to a total of 18.9 per cent of the overall state budget in comparison to 2010.
Azerbaijan's finance minister has recently announced that the country will spend $3.287 billion on defence next year, making it one of the priorities in the 2011 state budget, it said.
