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Elbit Systems Awarded $127 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army's Bradley IFVs
ESLTElbit Systems(ESLT) Prnewswire·2024-11-05 07:14

Group 1 - Elbit Systems Ltd. has been awarded a follow-on contract worth approximately 127milliontosupplyIronFistActiveProtectionSystemstoGeneralDynamicsOrdnanceandTacticalSystemsforupgradestotheU.S.Army′sBradleyM2A4E1InfantryFightingVehicles[1]−Thecontractwillbeexecutedoveraperiodof34months,indicatingalong−termcommitmenttoenhancingmilitarycapabilities[1]−TheIronFistAPSisdesignedtoprovide360−degreeprotectionagainstvariousanti−tankthreats,showcasingitsadvancedtechnologyandeffectivenessinbothopenandurbanenvironments[2][3]Group2−ElbitSystemsisrecognizedforitsinnovativeactiveprotectionsystems,whicharecrucialfortheself−defenseofarmoredplatforms[3]−Thecompanyemploysover20,000peoplegloballyandreportedrevenuesofapproximately127 million to supply Iron Fist Active Protection Systems to General Dynamics Ordnance and Tactical Systems for upgrades to the U.S. Army's Bradley M2A4E1 Infantry Fighting Vehicles [1] - The contract will be executed over a period of 34 months, indicating a long-term commitment to enhancing military capabilities [1] - The Iron Fist APS is designed to provide 360-degree protection against various anti-tank threats, showcasing its advanced technology and effectiveness in both open and urban environments [2][3] Group 2 - Elbit Systems is recognized for its innovative active protection systems, which are crucial for the self-defense of armored platforms [3] - The company employs over 20,000 people globally and reported revenues of approximately 1.6 billion as of June 30, 2024, with an order backlog of about $21.1 billion [5]