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Elbit Systems Bags $280M Contract To Supply Precision Munitions And Defense Electronics Systems

Elbit Systems Ltd. (NASDAQ:ESLT) has secured a contract with a cumulative value of ~$280 million. Under the contract, ESLT will…
byAkanksha Bakshi
April 3, 2023
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  • Elbit Systems Ltd. (NASDAQ:ESLT) has secured a contract with a cumulative value of ~$280 million.
  • Under the contract, ESLT will supply, precision munitions, radio and defense electronics systems and maintenance services to a European Country.
  • The contract will be carried out over a three-year period.
  • Also Read: Elbit Systems Q4 Highlights: Revenue Beat, Bottomline Miss, Labor Cost Inflation Impact & More
  • “These contract extensions demonstrate our customers’ continued trust in our customized products and services, as well as the sustained demand for our market leading solutions from customers across Europe,” stated Bezhalel (Butzi) Machlis, President and CEO.
  • Price Action: ESLT shares closed at $170.21 on Friday.
 
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