Elbit Awarded an Approximately $600M Contract to Supply Systems for the Redback IFV

Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today, following its announcement from August 16, 2023, that it was awarded a contract worth approximately $600 million to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project. This project aims to deliver advanced protection, fighting capabilities and sensors suite to the Redback Infantry Fighting Vehicles (IFV) for the Australian Army. The contract will be performed over a period of five years.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “This milestone reaffirms our commitment to delivering advanced, mission-critical solutions to the Australian Army. Elbit Systems is dedicated to supplying cutting-edge defense technologies that will safeguard troops on the modern battlefield.”