Fire control systems provider Elbit Systems Ltd (LON:ESLT) has bagged a contract with the US Army worth up to US$102mln.
The contract is to provide mortar fire control systems and runs until the end of 2021.
“Elbit Systems of America provides soldiers enhanced capabilities and fire power to perform combat missions,” said Raanan Horowitz, president and chief executive officer of Elbit Systems of America.
“Our company is focused on providing advanced and proven capabilities that our nation’s war fighters can trust to accomplish their mission and return home,” he added.
Shares in Elbit were up 0.5% at US$117.02 in mid-morning trading.
Story by ProactiveInvestors