Elbit Systems Signed a $95 Million Contract to Supply and Maintain Advanced Electro-Optical Systems to the Israeli MOD

Haifa, Israel, January 17, 2023 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it signed a contract in an amount of approximately $95 million with the Israeli Ministry of Defense (IMoD) to supply and maintain advanced electro-optical systems for the Israeli Defense Forces (IDF) infantry forces. The contract will be performed over a period of 10 years.

As part of the contract, Elbit Systems will supply long-range deployable observation systems and tactical target acquisition systems. In addition, the contract includes maintenance services for the electro-optical systems produced by the Company.

Oren Sabag, General Manager of Elbit Systems ISTAR & EW: “Our tactical electo-optical systems improve force protection, accuracy and the quick closing of the sensor-to-shooter loop. This contract, which also includes long-term warranty and maintenance services, will significantly increase the upkeep and readiness of our systems in the field.”

File photo courtesy Elbit Systems