Elbit closing on $1 billion in deals in 2023 with latest contracts
Elbit closing on $1 billion in deals in 2023 with latest contracts
"We are witnessing a trajectory of an increased demand for advanced artillery solutions from militaries around the world, including European countries and NATO members,” said Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
Elbit Systems announced on Thursday that it was awarded two contracts with an aggregate value of $252 million to supply artillery rocket systems to a European NATO member country. In addition, it announced that its Romanian subsidiary, Elmet International SRL., was awarded a follow-on contract valued at $120 million from General Dynamics European Land Systems (GDELS) to supply unmanned turrets, Remote Controlled Weapon Stations (RCWS) and mortar systems for the 'Piranha V' Armored Personnel Carrier (APC) of the Romanian Armed Forces.
Under the first contract with the NATO member in an amount of $119 million, Elbit will supply a battalion's worth of ATMOS (Autonomous Truck Mounted Howitzer) 155mm/52 caliber truck-mounted howitzers systems. The contract will be performed over a period of two years. Under the second contract for an amount of $133 million, Elbit Systems will provide two batteries worth of PULS artillery rocket-launcher systems including a package of rockets and missiles. The contract will be performed over a period of three years.
Since the start of the year, Elbit has landed deals reaching $824 million, including for advanced electro-optical systems, rockets for armed forces, as well as the operating and maintaining of simulation centers for the Israeli Air Force's F-16 fleet and the IDF's Armored Corps.
"We are witnessing a trajectory of an increased demand for advanced artillery solutions from militaries around the world, including European countries and NATO members as part of their efforts to increase the effectiveness of their armed forces,” said Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems. “Our operationally proven systems provide an advanced cost effective solution to meet that demand."
