We provide the latest news
from the world of economics and finance
(RTTNews) - Elbit Systems Ltd. (ESLT), an Israeli defense contractor, announced Tuesday that it was awarded a group of contracts totaling around $760 million from the Israeli Ministry of Defense or IMOD for the supply of ammunitions.
The contracts will be performed over a period of two years.
Elbit Systems said it has experienced a material increased demand for its products and solutions from the IMOD since the beginning of the Swords of Iron war, compared to the demand levels prior to the war.
Subject to further developments, the IMOD's increased demand for the company's products and solutions are projected to continue and could generate material additional orders.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© 2024 Lime Trading (CY) Ltd
Lime Trading (CY) Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015. The "Just2Trade" trademark is owned by LimeTrading (CY) Ltd.
Registration Number: HE 341520
Address: Lime Trading (CY) Ltd
Magnum Business Center, Office 4B, Spyrou Kyprianou Avenue 78
Limassol 3076, Cyprus
Disclaimer:
All promotions, materials and information of this website may have applied conditions. Please contact the Company for further details
Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.