- Elbit Systems ( NASDAQ: ESLT ) said Wednesday that it was awarded two contracts, in an aggregate amount valued at $240M, to upgrade Main Battle Tanks for an international customer.
- A $60M contract will be delivered over a period of two years and a $180M contract will be delivered over a period of four years.
- Per the terms, Elbit Systems will perform an upgrade of the MBTs and provide advanced electronics suites.
- Earlier, Elbit Systems stock falls to 5-week low after Q2 earnings report .
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Elbit Systems secures contracts of total $240M to upgrade tanks for an international customer