Elbit Awarded $172M Contract to Supply Light Tanks to a Country in Asia-Pacific

Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit  Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $172 million to supply light tanks to the Army of a country in Asia-Pacific. The contract will be performed over a three-year period.

As the prime contractor, Elbit Systems will supply the “Sabrah” light tank solution based on the tracked ASCOD platform that is manufactured by General Dynamics European Land Systems Santa Bárbara from Spain (“GDELS“), and on the wheeled Pandur II 8X8 platform manufactured by Excalibur Army from the Czech Republic. The 30-ton “Sabrah” light-tank solution provides a unique combination of powerful fire capacity and high maneuverability. Both platforms will be equipped with a 105mm turret and a range of the Company’s subsystems, including electro-optical sights, fire control systems, TORCH-XTM battle management systems, E-LynXTM software defined radio systems and life support systems.

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “This light tank contract reflects the mutually beneficial strategic co-operation between Elbit Systems and GDELS, based on joint development and manufacturing of vehicle-turret solutions. Our comprehensive portfolio of subsystems provides us with a strong position in the armored vehicle market, especially as mission requirements become more diverse and increasingly networked. We believe that the “Sabrah” light tank solution can provide high operational value for additional Armed Forces.”

Source: Elbit Systems Ltd.
Date: Jan 26, 2021