Elbit Wins Two Contracts Worth $202M EW Form International Customers – For EW and Artillery Systems

Elbit Systems Ltd (NASDAQ: ESLT) disclosed winning two contracts from international customers.
  • Elbit Systems Ltd (NASDAQ:ESLT) disclosed winning two contracts from international customers.
  • The first contract, worth around $100 million, entails equipping commercial aircraft with advanced Intelligence and Electronic Warfare (EW) capabilities.
  • ESLT will also integrate Immune Satellite Navigation Systems (ISNS) and an advanced self-protection solution into commercial aircraft.
  • The contract will be delivered over three years.
  • The second contract, worth about $102 million, entails supplying a battalion’s worth of artillery systems.
  • It is designed for fast deployment and operation, providing fire support for various missions.
  • The contract is expected to be delivered over eight years.
  • Earlier this month, ESLT bagged a contract with a cumulative value of around $280 million from a European Country.
  • Price Action: ESLT shares closed lower by 1.12% at $176.31 on Monday
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