War profits: Elbit Systems with new deals
The Russian invasion of Ukraine has adversely affected the world economy, but there are also benefits: Elbit Systems reports to Greece two new contracts worth $ 130 million for the construction of an advanced ammunition plant in one of the Asian countries, following a contract with the Swedish army
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Of money
27/03/2022
Sunday, 27 March 2022, 09:52 Updated: 10:05
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Since acquiring IMI more than three years ago, Elbit has established itself as a major player in the field of armaments, but the Russian invasion of Ukraine has given a boost to the company's business, so we were informed of a number of new contracts signed by Elbit Systems with new countries
. Bezalel (Muddy) Calis reported this morning, on a unique deal that includes two contracts totaling $ 130 million for the construction of a turn-key production complex - for the serial production of advanced artillery ammunition in the country in the Asia-Pacific
. A significant player in the field of precision armament and has already announced deals for the sale of advanced armament worth more than $ 1.5 billion, including deals for the sale of precision aerial weapons, precision rockets, mortar shells and tank shells, the latest of which - the Swedish Army's ammunition tank ammunition - was released last week.
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Elbit shares have completed a tens of percent increase in value in recent months.
Since the outbreak of the war in Ukraine, a number of European countries have announced a significant increase in defense budgets, including the German government, which has announced the addition of more than $ 100 million to the German army's intensification budget.
Elbit's operations in Europe are based on the engineering and manufacturing infrastructure and thousands of employees of subsidiaries in a number of countries including Germany, England, Romania, Austria, Belgium and others.
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: "Winning these contracts attests to the quality of our products and our proven ability to carry out technological collaborations in partner countries."
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Of money
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Elbit
Ukraine
Defense exports