Elbit Systems Ltd. reports developments as a global defense technology company that develops, manufactures, integrates and sustains systems across multiple domains. Its recurring news includes defense contract awards, financial results, annual reporting, and program updates tied to land systems, airborne munitions, rocket artillery, active protection systems, C4I and cyber, ISTAR and electronic warfare, and aerospace applications.
Company updates often reference products and systems such as PULS artillery rocket systems, UT30MK2 turrets, Iron Fist active protection systems, and advanced munitions for defense ministries, armed forces and international customers. Coverage also includes customer support, follow-on sustainment, technology transfer arrangements and geographic activity across Israel, North America, Europe, Asia-Pacific and other markets.
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Elbit Systems Ltd (NASDAQ: ESLT) announced a follow-on contract valued at approximately $100 million with the Israeli Ministry of National Security to deliver aerial firefighting services over eight years. This contract extends the company's role in providing operational support through a fleet of 14 aircraft, including maintenance and flight preparation.
The squadron will be operated under the Israeli Police's guidance and is designed to fulfill specific operational needs set by the Fire and Rescue Authority. Elbit Systems' General Manager of Aerospace, Yoram Shmuely, expressed confidence in the company's capabilities and the extension of the contract until the end of 2031, highlighting its ongoing commitment to national safety.
Elbit Systems (NASDAQ: ESLT) has secured a follow-on contract valued at approximately $100 million to upgrade commercial aircraft into Intelligence and Electronic Warfare (EW) platforms for an international customer. This contract, extending over three years, includes equipping the aircraft with advanced Intelligence Mission Suite and EW capabilities.
The enhancements will provide comprehensive operational awareness through SIGINT and Electro-Optics VISINT sensors and systems, in addition to Electronic Counter Measures to address various threats. Elbit's General Manager, Oren Sabag, emphasized the contract showcases their robust ISTAR and EW capabilities, tailored to meet evolving defense needs.
Elbit Systems Ltd. (NASDAQ: ESLT) announced on April 18, 2023, that it secured a contract valued at approximately $102 million to supply artillery systems, specifically the ATMOS (Autonomous Truck Mounted Howitzer), to an international customer. This contract, which will be executed over eight years, includes the provision of a battalion's worth of 155mm/52 caliber truck-mounted howitzer systems. The ATMOS system is noted for its ability to fire all NATO-certified projectiles with an effective range exceeding 40km and is designed for rapid deployment across various missions. Yehuda Vered, General Manager of Elbit Systems Land, emphasized this contract as a testament to the company's competitive edge in indirect fire solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract valued at approximately $280 million to supply precision munitions and defense electronics systems to a European country. This contract will be executed over a period of three years, reflecting the company's strong demand for its products and services in Europe. President and CEO Bezhalel Machlis emphasized the continued trust customers have in Elbit's customized solutions. The deal signifies Elbit's robust market position and its commitment to sustaining advanced defense technologies.