Elbit Systems Awarded a Group of Contracts in an Aggregate Amount of Approximately $760 Million for the Supply of Ammunitions to the Israeli Ministry of Defense

Core Insights - Elbit Systems Ltd. has been awarded contracts totaling approximately $760 million for the supply of ammunitions to the Israeli Ministry of Defense, to be executed over two years [1] - The company has seen a significant increase in demand for its products from the Israeli Ministry of Defense since the onset of the Swords of Iron war, with potential for further orders [2] - Elbit Systems is a leading global defense technology company, focusing on advanced solutions across multiple domains [3] Financial Performance - In 2023, Elbit Systems reported revenues of approximately $6.0 billion and an order backlog of $17.8 billion [4] - The contracts awarded are expected to contribute positively to the company's financial outlook over the next two years [1][2] Company Overview - Elbit Systems employs around 19,000 people across five continents, leveraging Israel's technology ecosystem to address evolving battlefield challenges [3][4] - The company develops, manufactures, integrates, and sustains next-generation defense solutions [3]