Israeli Defense Electronics Company Elbit Systems Ltd. (Nasdaq: ILEC; TASE:ILEC) won three deals with NATO countries worth $372 million as Europe’s rearmament following the Russian-Ukrainian war kicks into high gear.
The company has won two contracts worth $252 million to supply artillery rocket systems to an unnamed European NATO member country.
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In the first contract, worth $119 million, Elbit Systems will supply a battalion’s worth of Autonomous Truck Mounted Howitzer (ATMOS) 155mm/52 caliber truck-mounted howitzer systems. The contract will be executed over two years.
In the second contract worth $133 million, Elbit Systems will supply two batteries of PULS artillery rocket launcher systems, including a set of rockets and missiles. The contract will be executed over three years.
The ATMOS Modular Artillery System is a combat-proven wheeled howitzer solution capable of firing all NATO-certified 155mm projectiles that has an effective range of over 40 km with standard projectiles and provides extended range with rocket-assisted projectiles (RAP). The ATMOS is designed for rapid deployment and operation to provide fire support for a wide range of missions.
Elbit Systems’ PULS launcher supports firing both free-flight rockets and precision-guided rockets and missiles at a range of 12 km to 300 km. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, allowing a significant reduction in maintenance and training costs.
The company also announced today that its Romanian subsidiary Elmet International SRL. Secured a $120 million follow-on contract from General Dynamics European Land Systems (GDELS) to supply unmanned turrets, remotely operated weapon stations (RCWS) and mortar systems for the armored vehicle of troop carrier “Piranha V” (APC) of the Romanian Armed Forces. The works will be carried out in Romania over a period of three years.
Under the follow-on contract, Elbit Systems will supply the UT30 MK2 turrets, RCWS and SPEAR mortar systems, all fully integrated onboard GDELS’ “Piranha V” APC. Elbit Systems’ UT30 MK2 is a lightweight unmanned 30mm turret that integrates weapon systems, fire control systems, sensors and display systems for enhanced combat effectiveness, awareness of situation and target acquisition capabilities.
Published by Globes, Israel business news – en.globes.co.il – March 2, 2023.
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