Oct 30, 2023
Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today that it was awarded a $135 million contract to establish an artillery ammunition factory for an international customer. The contract will be performed out over a period of two years.
This contract will leverage the significant technical and operational knowledge that Elbit Systems has accumulated, as well as decades of ammunition production experience. Elbit Systems builds and operates ammunition factories and production lines in multiple sites. The Company’s experience covers the entire product cycle, from design to production as well as maintenance and after sales support.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land: “There is growing demand from governments around the world who are interested in enhancing their sovereign ammunition production capabilities. Supporting our customers and sharing our expertise with international partners is a key element of our multi domestic global growth strategy in addition to our ongoing investments to expand our own manufacturing capabilities.”