#TheMarketsTrustIsrael: Israeli HighTech Company got Contracts valued at $372 Million

The daily good news, from many, from the economy. Once again, an Israeli company from the high-tech industry can bring in huge orders. The left lie again defeated. Global organizations, companies or investors do not shun away from Israel. The opposite is true.

The champion of the month is ELBIT, an hightech company within the military industry. ELBIT got two contracts: One about $120 million, the second about $252 million.

Elmet International SRL, was awarded a follow-on contract valued at $120 million from General Dynamics European Land Systems (GDELS) to supply unmanned turrets, Remote Controlled Weapon Stations (RCWS) and mortar systems for the ‘Piranha V’ Armored Personnel Carrier (APC) of the Romanian Armed Forces. The work will performed in Romania over a three-year period. 

Under the follow-on contract, Elbit Systems will supply UT30 MK2 turrets, RCWS and the SPEAR mortar systems, all fully integrated onboard the GDELS’ ‘Piranha V’ APC. Elbit Systems’ UT30 MK2 is a 30mm unmanned light turret that integrates weapon systems, fire control systems, sensors and display systems for enhanced combat effectiveness, situational awareness and target acquisition capabilities.

The Company’s RCWS is a light weight high accuracy 12.7mm weapon station. The SPEAR is a 120mm computerized autonomous vehicular mortar system. In addition to Romania, Elbit Systems’ turrets, RCWS and mortar systems have been selected to date by dozens of customers across the world including Israel, U.S.A, Denmark, Austria, Belgium, Brazil, and Croatia.

The second contract for ELBIT was awarded with an aggregate value of $252 million to supply artillery rocket systems to a European NATO member country. 

Under the first contract in an amount of $119 million, Elbit Systems will supply a battalion’s worth of ATMOS (Autonomous Truck Mounted Howitzer) 155mm/52 caliber truck-mounted howitzers systems. The contract will be performed over a period of two years.

Under the second contract in an amount of $133 million, Elbit Systems will provide two batteries worth of PULS artillery rocket-launcher systems including a package of rockets and missiles. The contract will be performed over a period of three years.

The ATMOS modular artillery system is a combat proven wheeled Howitzer solution, capable of firing all NATO-certified 155mm projectiles that has an effective range of over 40km with standard projectiles and offers extended range with Rocket-Assisted Projectiles (RAP). The ATMOS is designed for rapid deployment and operation enabling provision of fire support for a broad range of missions.

Elbit Systems’ PULS launcher supports firing both free-flying rockets and precision guided rockets and missiles ranged form 12km and up to 300km. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling a significant reduction in maintenance and training costs.

based on press release by ELBIT, selected as relevant, regrouped, shortend and introduced by VonNaftali