Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems”) announced today that its U.S. subsidiary, Elbit Systems of America LLC, (“Elbit Systems of America”), was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with a maximum potential value of up to approximately $49 million, to provide 120mm mortar systems for the U.S. Army.
The contract will be executed in Fort Worth, Texas over a period of five years. An initial delivery order of approximately $10 million has been issued under this ID/IQ contract, to be executed over a two-year period.
The contract was awarded following the successful completion of a previous contract of this type that was awarded to the company in 2016.
Being a trusted provider of choice for critical missions and needs is part of our vision. I am honored the U.S. Army continues to value the solutions our company provides to U.S. Soldiers and we look forward to a continued partnership.
Raanan Horowitz, President and CEO of Elbit Systems of America
Source: Elbit Systems news release
