FX.co ★ Elbit Systems To Supply High-power Laser Systems For Israeli Ministry Of Defense

Elbit Systems (ESLT) has secured a contract worth approximately $200 million from the Israeli Ministry of Defense to provide high-power laser systems for the Iron Beam air defense system. The contract includes not only the delivery of Elbit Systems' laser solution under the Iron Beam project but also ongoing support services.

Elbit Systems is a multinational defense technology company known for offering sophisticated solutions. The firm engages in the development, manufacturing, integration, and maintenance of a variety of next-generation technologies across several domains. As of June 30, 2024, Elbit Systems boasts an order backlog totaling around $21.1 billion.