Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT today announced that it has been awarded a $660 million contract to provide intelligence systems to a European country in Europe. The contract will be undertaken over four years and includes an additional ten-year maintenance period.
Elbit Systems President & CEO Bezhalel Machlis said, “This significant contract award is a testament to the edge and maturity of our technologies as well as to the trust that customers place with our solutions.”
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Last week Elbit Systems won a $80 million contract to supply DIRCM and Airborne EW self-protection systems to an Asia-Pacific country. Last month Elbit Systems reported new contracts worth $838 million.
Elbit Systems share price rose 0.15% on Nasdaq yesterday to $219.69, giving a market cap of $9.73 billion. The share price is up 4.5% this morning on the Tel Aviv Stock Exchange.
Published by Globes, Israel business news – en.globes.co.il – on July 13, 2022.
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