Education

Elbit Systems wins $74m Korean airborne munitions deal

By Nick J Adam

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) announced today that it has been awarded contracts worth $74 million from the Defense Acquisition Program Administration of the Ministry of National Defense of the Republic of South Korea, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force. The contracts will be performed over a five-year period.







Elbit Systems Land general manager Yehuda Vered said: “We see an increase in the demand for our diverse portfolio of munitions as air forces seek fires capabilities of greater sophistication and impact.”

Published by Globes, Israel business news – en.globes.co.il – on November 11, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.


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Nick J Adam 105178 posts