Elbit Systems Ltd. (ESLT), an Israeli defense contractor, announced on Tuesday that it has secured contracts worth approximately $760 million from the Israeli Ministry of Defense (IMOD) for ammunition supply. These contracts will be executed over a two-year period.
Elbit Systems noted a significant rise in demand for its products and solutions from the IMOD since the onset of the Swords of Iron conflict, compared to pre-war demand levels. Given ongoing developments, this heightened demand is expected to persist and potentially lead to substantial additional orders.