Elbit Systems Secures $335 Million in European Defense Contracts
Elbit Systems Secures Major Contracts in Europe
Elbit Systems Ltd. (NASDAQ: ESLT) is excited to announce a significant contract award totaling approximately $335 million to supply cutting-edge defense systems to a European country. This investment is set to enhance defense capabilities through advanced technological solutions.
Contract Details and Defense Solutions
The awarded contracts encompass the provision of state-of-the-art PULS™ (Precise and Universal Launching Systems) rocket launchers, as well as the Hermes™ 900 Unmanned Aircraft Systems (UAS). The versatile PULS system provides a comprehensive solution capable of deploying unguided rockets, precision-guided munitions, and missiles across varied ranges, making it a flexible solution adaptable to existing military platforms.
Introducing PULS™ and Its Advantages
Elbit's PULS is designed with operational efficiency in mind. Its ability to be integrated with both tracked and wheeled platforms allows forces to minimize training and maintenance costs while maximizing responsiveness on the battlefield. This system symbolizes a step forward in modern military capabilities.
The Advanced Hermes™ 900 UAS
The Hermes 900 multi-role MALE UAS stands as Elbit Systems' largest unmanned aerial vehicle, expertly crafted for a myriad of missions. Its capabilities stretch from area dominance to persistent intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) in both land and maritime environments. Since its inception, the Hermes 900 has won the confidence of over 20 customers worldwide, showcasing its reliability and advanced technology.
Insights from Leadership
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, expressed pride in these new contracts, stating, "We are proud to support our European customer with advanced and versatile defense solutions that enhance operational effectiveness and adaptability. These contracts reflect the global trust in our innovative systems, such as the PULS and Hermes 900, which are designed to meet a broad range of mission requirements." His remarks underscore the commitment to delivering reliable and flexible defense tools that adapt to modern challenges.
About Elbit Systems
Elbit Systems is recognized as a global leader in defense technology, developing, manufacturing, integrating, and sustaining innovative defense solutions. Serving clients worldwide, Elbit leverages Israel's dynamic technology ecosystem to effectively address rapidly changing battlefield conditions.
With a workforce exceeding 20,000 across various countries, Elbit Systems reported about $1.6 billion in revenues and maintains an impressive order backlog of around $21.1 billion. This strong foundation confirms the company's position as a trusted partner in the defense sector.
Contact Information
If you're interested in learning more about Elbit Systems and its offerings, reach out through the following contacts:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
Frequently Asked Questions
What are the main components of the recent contract awarded to Elbit Systems?
The recent contract includes the supply of PULS rocket launchers and Hermes 900 UAVs.
How does the PULS system benefit military operations?
The PULS provides cost-effective solution to launch various types of munitions, enhancing flexibility and responsiveness.
Is the Hermes 900 UAV widely used by other countries?
Yes, the Hermes 900 has been selected by over 20 customers globally since its launch.
What is Elbit Systems' focus in defense technology?
Elbit focuses on developing and delivering technologically advanced defense solutions tailored to meet evolving challenges.
How many employees does Elbit Systems have worldwide?
Elbit Systems employs over 20,000 people across multiple countries.
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