Elbit Systems Awarded $130 Million in Contracts to Provide Artillery Munitions Production Line in a Country in Asia-Pacific – QNT Press Release


HAIFA, Israel, March 27, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ:ESLT) (“Elbit Systems”) announced today that it was awarded contracts with an aggregate value of approximately $130 million to deliver an artillery munitions production line in a country in Asia-Pacific. The contracts will be performed over a period of 2.5 years.

Under the contracts, Elbit Systems will build a turnkey industrial complex for enhanced manufacturing of artillery munitions.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systemssaid: “This contracts award attests to the quality of our portfolio and to our proven capability to perform technology co-operations in partnering countries.”

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber- based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

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