- Elbit Systems Ltd ESLT has received a $220 million contract to supply precision guidance kits for airborne munitions to an Asia-Pacific country.
- The company will perform the contract over a 15-month timeframe.
- Elbit Systems will supply the Lizard precision guidance kit for general-purpose airborne warheads. The Lizard is a laser-based precision guidance kit enabling general-purpose airborne warheads.
- "There is an increase in the demand for our precision fire capabilities as high accuracy has become an operational imperative across all domain of operations," commented CEO Bezhalel Machlis.
- Price Action: ESLT shares are trading higher by 3.82% at $218.41 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
