Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded two contracts 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.
We are witnessing a trajectory of an increased demand for advanced artillery solutions from militiaries around the world, including European countries and NATO members as part of their efforts to increase the effectiveness of their armed forces. Our operationally proven systems provide an advanced cost effective solution to meet that demand.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
Source: Elbit Systems news release
