Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has been awarded a significant contract valued at approximately $340 million by the Israeli Ministry of Defense (IMOD). This contract, announced on August 1, 2024, entails the supply of ammunition over the next decade. As part of this agreement, Elbit Systems will establish a new manufacturing facility dedicated to the production of the required ammunition.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, expressed his gratitude to the IMOD for their continued trust and support. He emphasized the company’s commitment to expanding its production infrastructure and capabilities to better serve its clients. Machlis highlighted Elbit Systems’ dedication to developing and delivering advanced technological solutions and combat-proven products to both domestic and international customers.
This contract not only underscores the strong relationship between Elbit Systems and the Israeli defense sector but also reinforces the company’s position as a leading provider of defense technology solutions worldwide.
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