Elbit Systems Wins $300M Armored Vehicle Contract

Elbit Systems Ltd. awarded contract worth $300 million

HAIFA, Israel, Feb. 20, 2024 – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced today a major contract win, in which the Farnia Company will receive up to 230 armored vehicles equipped with weapon, reconnaissance, driving and situational awareness systems. The deal is valued at approximately $300 million and will remain in effect for six years. The comprehensive package encompasses custom design, production, lifecycle maintenance, and full in-country support.

Butzi Machlis, President, and CEO of Elbit Systems said, “This contract affirms a high degree of customer satisfaction with our existing systems and solutions. It also endorses Elbit Systems’ dominant position in the armored vehicle market, bolstered by our dedication to delivering high-quality, forward-thinking solutions that meet the demands of our customers.”

The legendary Elbit Systems is a pioneer in the global defense and homeland security industries. The company and its subsidiaries specialize in aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance, and reconnaissance (C4ISR). Elbit Systems is also a force to be reckoned with in unmanned aircraft systems, advanced electro-optics, EW suites, signal intelligence systems, and cyber-based systems. The company offers a range of support services, including training and simulation systems.

Still, it is unable to guarantee future results, levels of activity, performance, or achievements. The company is also not responsible for the accuracy and completeness of any of these forward-looking statements. For more information, readers are encouraged to refer to Elbit Systems Ltd.’

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