Elbit Systems secures contract worth approximately $53 million to supply Crossbow unmanned turret mortar system to European customers

From the progressive coronary heart of Haifa, Israel, a pivotal announcement emerged on Could 8, 2024, by a pacesetter in protection expertise, Elbit Programs Ltd. (NASDAQ:NASDAQ:) (TASE:ESLT). The corporate proudly unveiled its profitable acquisition of a $53 million contract to produce the Basic Dynamics European Land Programs (GDELS) Crossbow unmanned turret 120mm smooth recoil mortar system. This refined system is certain for set up on a Pandur 6×6 APC (Armored Personnel Provider) wheeled car, earmarked for a European protection power, marking a strategic enlargement of Elbit Programs inside the worldwide protection market over a six-year efficiency interval.

This growth represents a landmark achievement for Elbit Programs, being the inaugural Crossbow provide contract since its introduction on the DSEI exhibition in London, again in 2017. The Crossbow system is engineered to reinforce safety and survivability for mortar crews, attaining outstanding effectivity with talents equivalent to attaining a sensor-to-shooter vary promptly and executing a primary spherical fireplace in underneath 30 seconds. Its effectiveness is additional demonstrated by a most firing charge of ten rounds per minute, and a sustainable charge of six rounds a minute, with the added flexibility of launching a wide range of NATO 120mm munitions, broadening the scope of operation.

Yehuda (Udi) Vered, Elbit Programs Land Basic Supervisor, expressed the corporate’s delight in securing this contract. Vered highlighted the Crossbow unmanned turret mortar system’s superior options, together with its precision-guided munitions, as a testomony to Elbit’s unremitting dedication to growing and supplying progressive, modern land system options that deal with the evolving calls for of recent warfare.

About Elbit Programs

Elbit Programs stands on the forefront of the worldwide protection expertise sector, providing a cascade of superior options designed to create a safer, safer world. The corporate operates on the nexus of innovation, leveraging expertise to develop, manufacture, combine, and preserve cutting-edge options throughout a plethora of domains. Embracing an agile and collaborative tradition, Elbit Programs faucets into the huge potential of Israel’s vibrant expertise ecosystem, empowering protection entities worldwide to navigate the complexities of latest battlefield eventualities and rising threats with unmatched effectivity.

With a devoted workforce of roughly 19,000 staff spanning a number of continents, Elbit Programs reported a powerful income of roughly $6 billion in 2023, with a backlog exceeding $17.8 billion, underscoring its strong place and strategic course within the protection business.

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