Elbit Techniques wins $127m follow-on APS order for US Military

Elbit Techniques (TASE: ESLT; Nasdaq: ESLT) has been awarded a follow-on contract of roughly $127 million to produce Iron Fist Lively Safety Techniques (APS) to Normal Dynamics Ordnance and Tactical Techniques (GD-OTS) for upgrades to the US Military’s Bradley M2A4E1 Infantry Combating Automobiles (IFVs). The contract will probably be carried out over a interval of 34 months.

The Iron Fist APS is a sophisticated Arduous Kill system aimed toward enhancing the self-defense capabilities of sunshine and heavy armored platforms towards trendy battlefield threats. It’s the Israel Protection Pressure’s Second-Era APS and based on Elbit Techniques is characterised by excessive efficiency and low quantity, weight and energy necessities. The system gives armored platforms with 360-degree safety from all kinds of anti-tank threats, comparable to Anti-Tank Rockets (ATR), Anti-Tank Guided Missiles (ATGM), Unmanned Plane Techniques (UAS) and Loitering threats, in each open terrain and complicated city environments.

Elbit Techniques Land common supervisor Yehuda (Udi) Vered mentioned, “This follow-on contract with our strategic accomplice, GD-OTS, emphasizes the prime quality of our lively safety system and its degree of innovation. We’re happy with our contribution to empowering the US Armed Forces, in addition to different NATO clients, and our help of the Israeli Protection Forces. We stay dedicated to advancing cutting-edge options that improve our clients’ operational capabilities and help their mission success.”

Elbit Techniques’ share value is up 0.82% on the Tel Aviv Inventory Change this morning.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 5, 2024.