Elbit Awarded $130M in Contracts to Provide Artillery Munitions Production Line in a Country in Asia-Pacific

March 28, 2022

-

Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) announced today that it was awarded contracts with an aggregate value of approximately $130 million to deliver an artillery munitions production line in a country in Asia-Pacific. The contracts will be performed over a period of 2.5 years.

Under the contracts, Elbit Systems will build a turnkey industrial complex for enhanced manufacturing of artillery munitions.    

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: “This contracts award attests to the quality of our portfolio and to our proven capability to perform technology co-operations in partnering countries”.

Source : Elbit Systems Ltd.