Israeli defense technology company Elbit Systems Ltd. (NASDAQ: ESLT; level:ESLTElbit Systems announced today that it has been awarded a contract worth approximately $340 million to supply ammunition to the Israeli Ministry of Defense. The contract will be executed over a period of 10 years. Elbit Systems will establish a manufacturing facility to produce the ammunition.
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“We continue to expand our production infrastructure and capabilities to support our customers,” said Elbit Systems CEO Bezalel Machlis. “I would like to thank IMOD for the trust it has placed in our management and employees. Elbit Systems continues to develop, manufacture and deliver first-class, combat-proven technological solutions and products to our customers in Israel and around the world.”
This article was published in Globes, Israeli Business News – en.globes.co.il – on August 1, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
