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Elbit Systems Secures $760 Million Ammunition Contracts with Israeli Defense Ministry.
On May 21, 2024, Elbit Systems Ltd. announced that it had secured a group of contracts worth approximately $760 million for the supply of ammunition to the Israeli Ministry of Defense (IMOD). These contracts will be executed over a period of two years.
Elbit Systems provides a wide range of products to the Israeli army. (Picture source: Elbit Systems)
This announcement follows the company’s annual report for the year ending December 31, 2023, filed on March 28, 2024. The contracts represent a significant expansion of Elbit Systems’ collaboration with the IMOD, especially since the beginning of the "Swords of Iron" war. Since the onset of this conflict, Elbit Systems has observed a substantial increase in demand for its products and solutions from the IMOD compared to pre-war levels.
According to the company, this increased demand could continue depending on future developments, which remain difficult to predict. If the demand continues to rise, it could result in significant additional orders for Elbit Systems.
Elbit Systems provides a wide range of products to the Israeli army, including many essential pieces of equipment. Among these are drone systems and unmanned aerial vehicles (UAVs) such as the Hermes 450 and Skylark. For example, the Hermes 450 is used for surveillance, reconnaissance, and intelligence missions. It is equipped with imaging and communication technologies suitable for day and night operations, providing extensive coverage and high precision in data collection.
Elbit Systems also offers electronic warfare and cyber defense systems, such as the C4I protection system, to safeguard critical infrastructure against cyberattacks and electronic threats. These systems enable the detection, identification, and neutralization of digital threats, thus ensuring the security of the army's communications and networks.
Additionally, Elbit Systems develops and supplies night vision and thermal imaging systems for soldiers and ground vehicles, enhancing combat capabilities in low-light conditions. An example is the XACT th64 night vision system, which allows soldiers to see clearly in total darkness, increasing their effectiveness and safety during nighttime operations.
Modernized armored vehicles are equipped with active protection systems, such as the Trophy system, which detect and neutralize threats like rockets and anti-tank missiles. The Trophy system uses radars and sensors to intercept projectiles before they reach the vehicle, providing additional protection to the troops on board.
Elbit Systems also supplies avionics systems, like those integrated into F-16 fighter jets, contributing to their performance in aerial operations. These avionics systems include navigation, communication, and weapons management devices, improving the accuracy and efficiency of aerial missions.
Another key product is the Red Sky air defense system, used by the Israeli army to protect against low-altitude aerial threats. The Red Sky uses advanced sensors and weapon systems to detect, track, and neutralize drones and other aerial threats, thus strengthening air defense against potential attacks.
Finally, the Spear MK2, also used by the Israeli army, is a vehicle-mounted mortar system that offers high mobility and effective firepower. This system enables rapid and precise firing, enhancing artillery support capabilities in the field. The Spear MK2 is designed for quick deployment and operation in various environments, providing significant tactical flexibility to the armed forces.