Israel’s Elbit Systems has secured a contract valued at approximately $350m to supply a suite of land systems to an overseas customer.
The company did not disclose the name of the customer.
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The types of land systems covered under the contract was also undisclosed.
The contract covers a three-year period.
Elbit Systems president and CEO Bezhalel (Butzi) Machlis said: “This contract award attests to the competitive advantage of our diverse portfolio of land systems.
“We are witnessing a growing demand in this field as armed forces increasingly seek to adopt sophisticated networked capabilities that enhance mission effectiveness and reduce collateral damage, while also improving economic efficiency.”
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By GlobalDataElbit Systems is a provider of systems and sensors for land forces.
Alongside providing modernisation and training to maintenance depots, it also offers life-cycle support services for the land platforms.
Some of the company’s combat-proven systems include target acquisition, battle management, laser warning and protection, weapon stations, surveillance, fire control (FC), and turret drives.
Elbit Systems also offers life support systems, add-on auxiliary power units, and other autonomous systems.
Last month, Elbit Systems reported a 20% increase in revenue in Q3 2021 on a year-on-year basis, driven by organic growth.
During the same month, the Israel-based electronics defence firm launched a new subsidiary in the UAE.
The subsidiary, dubbed Elbit Systems Emirates, is expected to increase Elbit System’s cooperation with the UAE Armed Forces in the long term.
