Elbit Systems of America Awarded $49 Million ID/IQ Contract to Supply Mortar Systems for the U.S. Army

Haifa, Israel, September 12, 2022 – Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) announced today that its U.S. subsidiary, Elbit Systems of America LLC, (“Elbit Systems of America”), was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with a maximum potential value of up to approximately $49 million, to provide 120mm mortar systems for the U.S. Army. The contract will be executed in Fort Worth, Texas over a period of five years. An initial delivery order of approximately $10 million has been issued under this ID/IQ contract, to be executed over a two-year period.

The contract was awarded following the successful completion of a previous contract of this type that was awarded to the company in 2016.

Raanan Horowitz, President and CEO of Elbit Systems of America, said: “Being a trusted provider of choice for critical missions and needs is part of our vision. I am honored the U.S. Army continues to value the solutions our company provides to U.S. Soldiers and we look forward to a continued partnership.”

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact: 
Joseph Gaspar
, Senior EVP – Business Management 
Tel:  +972-77-2948661 
j.gaspar@elbitsystems.com 

Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer 
Tel:  +972-77-2946663 
kobi.kagan@elbitsystems.com 

Rami Myerson, Director, Investor Relations 
Tel: +972-77-2948984 
rami.myerson@elbitsystems.com 
 
David Vaaknin, VP, Head of Corporate Communications 
Tel: +972-77-2946691 
david.vaaknin@elbitsystems.com 
 
IR Contact:
Ehud Helft 
Kenny Green

GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.com 
 

View source version on Elbit Systems Ltd: https://elbitsystems.com/pr-new/elbit-systems-of-america-awarded-49-million-id-iq-contract-to-supply-mortar-systems-for-the-u-s-army/