Elbit Systems wins $74m Korean airborne munitions deal

Bezhalel Machlis  / Photo: Elbit Systems PR, PR

The Israeli defense electronics company will supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force.

Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) announced today that it has been awarded contracts worth $74 million from the Defense Acquisition Program Administration of the Ministry of National Defense of the Republic of South Korea, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force. The contracts will be performed over a five-year period.

Elbit Systems Land general manager Yehuda Vered said: "We see an increase in the demand for our diverse portfolio of munitions as air forces seek fires capabilities of greater sophistication and impact."

Published by Globes, Israel business news - en.globes.co.il - on November 11, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.

Bezhalel Machlis  / Photo: Elbit Systems PR, PR
Bezhalel Machlis / Photo: Elbit Systems PR, PR
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