Elbit Systems Secures $260 Million Airborne Munitions Deal
Elbit Systems' New Contract for Advanced Munitions
Elbit Systems Ltd. has made headlines with the announcement of two significant contracts worth approximately $260 million aimed at supplying advanced airborne munitions. This contract is set to enhance the capabilities of the Israel Ministry of Defense. Known for its innovative defense technologies, Elbit Systems continues to play a crucial role in bolstering military readiness.
Commitment to Defense Solutions
According to Bezhalel (Butzi) Machlis, the President and CEO of Elbit Systems, the company is dedicated to providing cutting-edge solutions that support the operational readiness of defense forces. Through these new contracts, Elbit demonstrates its commitment to continually improving defense technologies in line with the evolving needs of military forces worldwide.
Innovative Product Offerings
The newly developed airborne munitions are expected to join the extensive portfolio of advanced solutions that Elbit Systems offers. These products have been specifically designed to meet emerging operational requirements, making them attractive not just to Israeli forces but also to other militaries around the globe. Elbit Systems believes that their innovations will capture the interest of various defense organizations seeking modern solutions.
About Elbit Systems Ltd.
A Global Leader in Defense Technology
Elbit Systems is recognized as a leading figure in the global defense industry, known for delivering advanced technological solutions that aim to create a safer world. The company develops, manufactures, and integrates next-generation defense systems across multiple operational domains. Their commitment to technological advancements has placed them at the forefront of the defense sector.
The Power of a Collaborative Culture
Elbit Systems thrives on a dynamic and collaborative culture, leveraging Israel's robust technology landscape to address the rapidly changing challenges on the battlefield. With a workforce of around 20,000 employees spread out across the globe, the company utilizes its diverse talent to tackle complex security issues.
Strong Financial Performance
As of the latest financial reports, Elbit Systems has shown impressive growth, reporting revenues of $1.9 billion for a recent quarter. Furthermore, the company has built a substantial order backlog of $23.1 billion, showcasing its strong market position and the ongoing demand for its advanced solutions.
Company Contacts for More Information
For any inquiries regarding the company or its offerings, you can reach out to:
Dr. Yaacov (Kobi) Kagan
Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn
VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger
VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com
Frequently Asked Questions
What is the value of the contracts awarded to Elbit Systems?
Elbit Systems was awarded contracts in an aggregate amount of approximately $260 million.
Who is the CEO of Elbit Systems?
Bezhalel (Butzi) Machlis is the President and CEO of Elbit Systems.
What does Elbit Systems focus on in its operations?
The company specializes in developing advanced defense technology solutions across various domains.
How many employees does Elbit Systems have?
Elbit Systems employs approximately 20,000 people around the world.
What are the projected revenues for Elbit Systems?
The company reported $1.9 billion in revenues for a recent quarter.
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