Elbit Systems Awarded Approximately $200 Million Contract by the Israeli MOD to Supply High-Power Laser for the "Iron Beam" Air Defense System

Core Points - Elbit Systems Ltd. has been awarded a contract worth approximately $200 million by the Israeli Ministry of Defense to supply high-power laser systems for the "Iron Beam" air defense system [1][2] - The contract includes the provision of ongoing support services alongside the high-power laser solution developed by Elbit Systems [2] - The President and CEO of Elbit Systems, Bezhalel Machlis, highlighted the company's leadership in high-power laser technology and its significant contributions to the "Iron Beam" project [3] Company Overview - Elbit Systems is a leading global defense technology company, focusing on advanced solutions for security and safety [3] - The company employs over 20,000 people across five continents and reported revenues of approximately $1.6 billion as of June 30, 2024, with an order backlog of about $21.1 billion [4]