Elbit Systems Secures $27M Contract For NATO Compliant Tank Ammunition

Elbit Systems Ltd ESLT has secured a ~$27 million contract from the Swedish Defence Material Administration. The contract will be performed over ten months.
As per the contract, Elbit will provide the Swedish Armed Forces with M339 rounds, 120mm ammunition, and Data Setting Units for its Leopard Main Battle Tanks (MBTs).
Suitable for all NATO 120mm smoothbore gun MBTs, the M339 is a high-accuracy, multi-purpose 120mm tank ammunition that complies with the applicable standards of the U.S. Military and NATO.
Price Action: ESLT shares are trading higher by 3.71% at $221.66 during the premarket session on Monday.