Elbit Awarded Approximately $190M Contract to Supply Iron Sting Guided Mortar Munition to the Israeli MoD

Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today that it was awarded a contract worth approximately $190 million to supply its Iron Sting laser and GPS-guided mortar munition to the Israeli Ministry of Defense. The contract will be performed over a period of 2 years.

Iron Sting is a precision-guided mortar munition, launched from a 120mm mortar, designed to accurately target and destroy objectives, utilizing both immune GPS and laser guidance technology. It has a range of up to 10 kilometers. Iron Sting features a multi-mode fuze with Point Detonation (PD), Point Detonation Delay (PDD), and Proximity Sensor (PRX) operating modes. The loading time is approximately 15 seconds.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land: “Following the combat experience our cutting-edge guided mortar munition has accumulated, this contract further cements our position as a market leader in precision-guided solutions. With the rise of military conflicts in urban environments, armed forces around the world demand accurate technologies that minimize collateral damage. Elbit Systems’ Iron Sting meets this critical need.”