Haifa, Israel, May 21, 2024 – Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today, further to the report in its Annual Report on Form 20-F for the year ended December 31, 2023, filed on March 28, 2024, that it was awarded a group of contracts in an aggregate amount of approximately $760 million for the supply of ammunitions to the Israeli Ministry of Defense (IMOD). The contracts will be performed over a period of two years.
As previously reported by the Company, since the beginning of the Swords of Iron war, Elbit Systems has experienced a material increased demand for its products and solutions from the IMOD compared to the demand levels prior to the war. Subject to further developments, which are difficult to predict, the IMOD's increased demand for the Company's products and solutions may continue and could generate material additional orders to the Company.