ESLT - Elbit Systems Awarded a $300 Million Contract to Supply Armored Vehicle Systems to a European Customer | Benzinga
HAIFA, Israel, Feb. 20, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ:ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract in an amount of approximately $300 million to supply weapon, reconnaissance, driving, and situational awareness systems for approximately 230 armored vehicles, to a European customer. The contract will be performed over a period of six years and includes custom design, production, lifecycle maintenance and complete in-country support.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "This contract underscores the customer's high level of satisfaction for our systems and solutions already in service. It also reinforces Elbit Systems' leadership in the armored vehicle market, underpinned by our commitment to delivering cutting-edge solutions that meet the requirements of our customers."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), 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. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.