Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has been awarded a contract worth approximately $60 million to supply thousands of 155mm artillery shells to the Israel Defense Forces' Artillery Corps. The contract will be performed over a period of one year.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented on the award, saying, “Elbit Systems is proud to be a leading supplier to the IDF, supporting its ongoing operational requirements. We are committed to implementing our strategy that supports the local economy and employment across the nation, from Kiryat Shemona in the Galilee to Ramat Bekaa in the Negev.”
Elbit Systems Ltd. is an international high technology company that specializes in defense, homeland security, and commercial programs. They offer a wide range of products and services, including aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems, and munitions. They also focus on upgrading existing platforms, developing new technologies, and providing a range of support services, such as training and simulation systems.