Elbit Awarded $106M Contract to Supply SIGMA Self-Propelled Howitzer Gun Systems

Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $106 million to supply SIGMA fully automatic self-propelled howitzer gun systems to a country in Asia-Pacific. The contract will be fulfilled over a five-year period.

SIGMA is a 155mm/52 calibre self-propelled howitzer capable of automatic loading and laying of the gun system, rapid in-and-out action times and high rate of fire. It offers a protected cabin for a crew of three. Depending on the mission, SIGMA is capable of automatically selecting and loading the required projectile, propellant and fuze and laying the gun to optimally engage targets.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: “The SIGMA system effectively addresses the growing need of armed forces to enhance the effectiveness of their artillery formations and reduce life-cycle costs while improving precision, rapidity, autonomy, survivability and connectivity. The SIGMA system is based on the know-how and experience accumulated by the Company over decades in supplying artillery systems to numerous customers, including the new 155mm fully automatic self-propelled howitzer gun systems for the Israel Defense Forces”.