- Elbit Systems' ( NASDAQ: ESLT ) Romanian subsidiary, Elmet International SRL received a follow-on contract worth $120M from General Dynamics European Land Systems for supplying unmanned turrets, Remote Controlled Weapon Stations and mortar systems for the 'Piranha V' Armored Personnel Carrier of the Romanian Armed Forces.
- The work will be performed in Romania over a three-year period.
- Besides Romania, the company's turrets, RCWS and mortar systems have been selected to date by dozens of customers across the world including Israel, U.S.A, Denmark, Austria, Belgium, Brazil, and Croatia.
- Separately, the company was also awarded two contracts worth $252M for supplying artillery rocket systems to a European NATO member country.
- Under the first contract worth $119M for 2-year period, the company will supply a battalion's worth of ATMOS 155mm/52 caliber truck-mounted howitzers systems.
- Under the second contract worth $133M for 3-year period, it will provide two batteries worth of PULS artillery rocket-launcher systems including a package of rockets and missiles.
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Elbit Systems nabs $120M follow-on contract and two contracts worth $252M