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Elbit Programs Ltd. (TASE: ESLT; Nasdaq: ESLT) has introduced that it has been awarded a contract price roughly $600 million to produce programs to Hanwha Protection Australia for the Australian Land 400 Part 3 Mission. This mission goals to ship superior safety, combating capabilities and sensors suite to the Redback Infantry Combating Autos (IFV) for the Australian Military. The contract will likely be carried out over a interval of 5 years.
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Elbit Programs president and CEO Bezhalel mentioned, “This milestone reaffirms our dedication to delivering superior, mission-critical options to the Australian Military. Elbit Programs is devoted to supplying cutting-edge protection applied sciences that can safeguard troops on the fashionable battlefield.”
The announcement comes after the corporate’s announcement final week of a $300 million contract to produce weapon, reconnaissance, driving, and situational consciousness programs for roughly 230 armored automobiles, to a European buyer. That he contract will likely be carried out over a interval of six years, and contains customized design, manufacturing, lifecycle upkeep and full in-country help.
Additionally final week, on the Singapore Airshow, Elbit Programs unveiled its Hermes 650 Spark tactical drone, which might carry as much as 260 kilograms and function with a spread of as much as 300 kilometers for twenty-four hours.
Elbit Programs’ share worth is up practically 2.6% on the Tel Aviv Inventory Trade.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 26, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
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