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Elbit Awarded $74M Contracts to Supply Airborne Munitions to South Korea

Elbit Systems Ltd. (“Elbit Systems”) announced today that it was awarded contracts in an aggregate amount of approximately $74 million from the Defense Acquisition Program Administration of the Ministry of National Defense of the Republic of South Korea, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force. The contracts will be performed over a five-year period.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land, said: “We see an increase in the demand for our diverse portfolio of munitions as Air Forces seek fires capabilities of greater sophistication and impact.”

Missile Defense System Market - Forecast to 2026

Missile Defense System Market - Forecast to 2026

by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region

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Source: Elbit Systems Ltd.
Date: Nov 12, 2021
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