Elbit Systems wins $127m follow-on APS order for US Army

Elbit Systems (TSX: ESLT, Nasdaq: ESLT) has been awarded a follow-on contract worth approximately $127 million to supply… Iron fist active protection systems (APS) to General Dynamics Ordnance and Tactical Systems (GD-OTS) for upgrades to the U.S. Army’s Bradley M2A4E1 infantry fighting vehicles (IFVs). The contract will be implemented over a period of 34 months.

The Iron Fist APS is an advanced Hard Kill system intended to enhance the self-defense capabilities of light and heavy armored platforms against modern battlefield threats. It is the Israel Defense Forces’ second generation APS and, according to Elbit Systems, features high performance and low size, weight and power requirements. The system provides armored platforms with 360-degree protection from a wide range of anti-tank threats, such as anti-tank missiles (ATR), anti-tank guided missiles (ATGM), unmanned aircraft systems (UAS) and loitering threats, in both open terrain and complex urban environments.

“This follow-on contract with our strategic partner, GD-OTS, confirms the high quality and level of innovation of our active protection system,” said Yehuda (Udi) Vered, General Manager of Elbit Systems Land. “We are proud of our contribution to empowering the US Armed Forces, as well as our customers.” Other NATO members, and our support of the Israel Defense Forces, we remain committed to developing cutting-edge solutions that enhance our customers’ operational capabilities and support their mission success.

Elbit Systems’ share price rose 0.82% on the Tel Aviv Stock Exchange this morning.

Published by Globes, Israel Business News – en.globes.co.il – on November 5, 2024.

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