Elbit Systems Awarded Approximately $170 Million Contract to Establish and Operate an Advanced Training and Simulation Center for the IDF Artillery Corps
The 15-year contract includes training, maintenance and support services alongside development of the center's infrastructure.
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Rhea-AI Summary
Elbit Systems (ESLT) won an approximately $170 million contract to establish and operate a training center for the IDF Artillery Corps. Awarded by the Israel Ministry of Defense, the contract will be performed over 15 years. The center is intended to support integration of the ROEM (SIGMA) self-propelled artillery system and LAHAV (PULS) precision rocket launcher system.
Elbit Systems will develop and deliver mission and driving simulators, training classrooms and dedicated facilities, alongside training, maintenance and support services throughout the contract period. The infrastructure will include simulation technologies, automation and AI-based functions. The company says the project is intended to improve personnel readiness, shorten qualification and training timelines, and reduce resource consumption and wear on operational platforms.
Positive
- Minor pointApproximately $170 million contract from Israel’s Ministry of Defense covers establishing and operating the center over 15 years.
Negative
- None.
Key Figures
- Contract value
- Approximately $170 million
- IDF Artillery Corps training and simulation center
- Contract period
- 15 years
- Performance period for the contract
AI-generated analysis. How Rhea-AI works. Not financial advice.
The new center is intended to support the operational integration of the 'ROEM' (SIGMA) self-propelled artillery system and the 'LAHAV' (PULS™) precision rocket launcher system into the IDF Artillery Corps.
Under the contract, Elbit Systems will develop and deliver an advanced training infrastructure, including mission and driving simulators, training classrooms and dedicated facilities. The solution will feature simulation technologies, automation capabilities, AI-based functionalities and innovative driver training solutions. Elbit Systems will also provide training, maintenance and support services throughout the contract period.
The project is intended to enhance the operational readiness and proficiency of IDF artillery personnel, shorten qualification and training timelines, and improve training efficiency while reducing resource consumption and wear on operational platforms.
Boaz Cohen, General Manager of Elbit Systems Land & Armaments: "We are proud to support the IDF Artillery Corps with advanced training and simulation solutions for the ROEM and LAHAV systems, key components of the IDF's next-generation land firepower array. This project further demonstrates Elbit Systems' ability to deliver integrated and networked training solutions that combine advanced infrastructure, immersive simulation technologies and long-term partnership, enabling forces to maximize the operational potential of these advanced platforms."
About Elbit Systems
Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.
Elbit Systems employs over 21,000 people in dozens of countries across five continents. The Company reported
For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels.
Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com
This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release.
Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
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SOURCE Elbit Systems Ltd.
FAQ
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What is the value and duration of Elbit Systems’ IDF artillery training center contract?
The Israel Ministry of Defense awarded Elbit Systems a contract valued at approximately $170 million, to be performed over 15 years. It covers establishing and operating a training and simulation center for the IDF Artillery Corps, including training, maintenance and support services.