- Elbit Systems ( NASDAQ: ESLT ) has been awarded a contract in an amount of ~$70M to supply rockets to the armed forces of a European country.
- The contract will be performed over a period of 3 years.
- Per the terms, Elbit Systems will supply 122mm extended-range rockets that are intended to significantly increase the performance and effectiveness of operations by allowing ground forces to concentrate fire at an increased range of up to 40 kilometers.
- The rocket offers simple autonomous operation in various weather conditions and can be ready to be launched in less than one minute.
For further details see:
Elbit Systems secures a contract of $70M to supply rockets to a European country