Elbit Programs (TASE: ESLT; Nasdaq: ESLT) has been awarded a follow-on contract of roughly $127 million to produce Iron Fist Lively Safety Programs (APS) to Normal Dynamics Ordnance and Tactical Programs (GD-OTS) for upgrades to the US Military’s Bradley M2A4E1 Infantry Combating Autos (IFVs). The contract will probably be carried out over a interval of 34 months.
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The Iron Fist APS is a complicated Arduous Kill system aimed toward enhancing the self-defense capabilities of sunshine and heavy armored platforms towards fashionable battlefield threats. It’s the Israel Protection Pressure’s Second-Era APS and in response to Elbit Programs is characterised by excessive efficiency and low quantity, weight and energy necessities. The system supplies armored platforms with 360-degree safety from all kinds of anti-tank threats, resembling Anti-Tank Rockets (ATR), Anti-Tank Guided Missiles (ATGM), Unmanned Plane Programs (UAS) and Loitering threats, in each open terrain and complicated city environments.
Elbit Programs Land common supervisor Yehuda (Udi) Vered stated, “This follow-on contract with our strategic accomplice, GD-OTS, emphasizes the top quality of our energetic safety system and its stage of innovation. We’re pleased with our contribution to empowering the US Armed Forces, in addition to different NATO prospects, and our assist of the Israeli Protection Forces. We stay dedicated to advancing cutting-edge options that improve our prospects’ operational capabilities and assist their mission success.”
Elbit Programs’ share worth is up 0.82% on the Tel Aviv Inventory Change this morning.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 5, 2024.
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