Elbit Systems Secures $235 Million European Contract for Rockets and Launchers
Translated & summarized from TheMarker by baba
Elbit Systems secured a $235 million contract to supply EXTRA-MR rockets and PULS rocket artillery systems to a European country over three years. The deal was made possible by an agreement between the Israeli and European defense ministries. The contract includes launchers, artillery platforms, and logistical support for the precision-guided rockets. Elbit's CEO highlighted the growing international demand for the company's advanced rocket and launcher systems.
The story in 6 lines · by baba
- Elbit Systems won a $235 million contract for rockets and launchers from a European nation.
- The three-year contract includes EXTRA-MR rockets and PULS rocket artillery systems.
- The deal was facilitated by an agreement between the Israeli and European defense ministries.
- The EXTRA-MR rockets are precision-guided and have a range of up to 80 kilometers.
- Elbit's stock rose 3% on the Tel Aviv Stock Exchange following the announcement.
- Elbit's CEO cited growing international demand for the company's advanced artillery capabilities.
Elbit Systems has been awarded a $235 million contract to supply medium-range EXTRA-MR rockets and PULS rocket artillery systems to a European customer. The deal, which will be executed over three years, was facilitated through an agreement between Israel's Ministry of Defense and the European nation's Ministry of Defense. The contract includes the supply of the medium-range version of the company's supersonic EXTRA rocket system, PULS launchers, additional artillery platforms, and integrated logistical support. The EXTRA-MR is a precision-guided rocket designed for medium-range operational scenarios, capable of hitting targets up to 80 kilometers away. Elbit's stock saw a 3% increase on the Tel Aviv Stock Exchange following the announcement. Bezhalel Machlis, CEO of Elbit, stated that the win further strengthens Elbit Systems' global position as a leader in rocket artillery, reflecting growing international demand for its advanced rocket and launcher capabilities. He added that the PULS systems and precision rocket solutions are recognized as industry leaders and have been chosen by an increasing number of clients worldwide, including European countries and NATO members.
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