Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Israel's Elbit Systems wins U.S. Army contract worth up to $79 million

Published 08/31/2020, 02:45 AM
Updated 08/31/2020, 02:50 AM
© Reuters. Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa

TEL AVIV (Reuters) - Israeli defence company Elbit Systems (TA:ESLT) (O:ESLT) said on Monday its U.S. subsidiary won a contract to supply the U.S. Army with gunner hand stations, commander hand stations and circuit cards for the Bradley Infantry Fighting Vehicle.

The contract, worth up to $79 million, will be carried out over five years. An initial purchase order of $26 million followed by a purchase order of $12 million have been issued the contract.

© Reuters. Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa

The gunner hand stations enable crew members to target and fire, and work in collaboration with the commander hand stations that drive the vehicles' turret. The circuit cards provide processing and power supply to the hand station units.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.