Elbit Systems to build new ammo facility under $340M deal

Elbit Systems announced a significant contract with the Israeli Ministry of Defense (IMOD) worth approximately $340 million for the supply of ammunition.

The contract, spanning ten years, will see Elbit Systems establish a dedicated manufacturing facility for this purpose.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, expressed gratitude for the trust placed in the company’s management and employees. “We continue to expand our production infrastructure and capabilities to support our customers,” Machlis stated. “Elbit Systems continues to develop, manufacture, and deliver top-tier technological solutions and products that are combat-proven, to our customers in Israel and worldwide.”

Elbit Systems is a global defense technology leader, providing advanced solutions for a secure and safer world. The company develops, manufactures, integrates, and sustains a range of next-generation solutions across multiple domains, enabling customers to address rapidly evolving battlefield challenges.

Employing over 19,000 people across five continents, Elbit Systems reported revenues of approximately $1.6 billion as of March 31, 2024, with an order backlog of $20.4 billion.