Elbit to Supply a Far Eastern Country with Artillery and Radio Systems
- Total Value of Approximately $50 Million
Elbit Systems Ltd. (NASDAQ and TASE: ESLT ("Elbit Systems"), announced today that it was awarded two contracts from a Far Eastern country to supply defense systems at a total value of approximately $50 million.
Under the first contract, Elbit Systems will supply the country's Artillery Corps the ATMOS autonomous artillery system, for approximately $30 million, to be supplied within three years. The system, mounted on various wheeled platforms, enhances mission flexibility, reaction speed and survivability of both the crew and the system.
Military Land Vehicle Electronics (Vetronics) Market Forecast 2015-2025
Under the second contract Elbit Systems will supply the country's Armed Forces with personal radio systems, for approximately $20 million, which will be supplied within a year.
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Source : Elbit Systems Ltd.