DealsMay 26, 2026, 06:07 AM
Elbit Systems Wins $1.4B Contract for European Military Modernization
AI Summary
Elbit Systems Ltd. announced it has been awarded a contract worth approximately $1.4 billion by a European customer. The contract spans five years and involves extensive military modernization programs. These programs will deliver state-of-the-art solutions, including uncrewed autonomous systems, advanced networked land electronic warfare, and precision-guided munitions, all aimed at improving the customer's operational effectiveness.
Key Highlights
- Elbit Systems secured a contract valued at approximately $1.4 billion.
- The contract is for extensive military modernization programs for a European customer.
- The programs will be performed over a period of five years.
- Solutions include uncrewed autonomous systems, advanced networked land EW, and precision-guided munitions.
- The modernization aims to improve the nation's operational effectiveness and create an advanced army.
Price Impact
More from ESLT