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Elbit Systems Awarded $1.635 Billion Contract to Deliver a Range of Defense Solutions to a European Country
Prnewswireยท 2025-08-13 06:13
Core Viewpoint - Elbit Systems has secured a $1.635 billion contract to provide advanced defense solutions to a European country, with implementation expected over a 5-year period [1][4]. Group 1: Contract Details - The contract encompasses two groups of technologically advanced solutions, including long-range precision strike artillery-rocket systems and unmanned reconnaissance systems [2]. - The second group features sophisticated ISTAR capabilities, including SIGINT, COMINT, electronic warfare systems, and advanced electro-optical and night-vision systems [3]. Group 2: Company Overview - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents and reporting $1.9 billion in revenues for the three months ended March 31, 2025 [5][6]. - The company has an order backlog of $23.1 billion as of the same date, indicating strong demand for its solutions [6]. Group 3: Leadership Statement - Bezhalel Machlis, President and CEO of Elbit Systems, emphasized the strong demand for the company's technologies in Europe and the importance of this contract in enhancing national security [4].