Elbit Systems subsidiary receives US Army weapon systems contract

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) US subsidiary, Elbit Systems of America, LLC has been awarded an indefinite delivery/indefinite quantity (ID/IQ) contract from the US Army for the production of mortar weapon systems, the company said.

The contract, with a maximum value of up to approximately USD103 million, will be performed over a five-year period. An initial purchase order, in an amount that is not material to the company, has already been awarded.

Elbit Systems of America signed a Memorandum of Understanding (MOU) with the United States Army´s Watervliet Arsenal (WVA), New York, which will employ WVA as a subcontractor to Elbit Systems of America on many mortar components.

Elbit Systems Ltd. is an international high technology company engaged in defense, homeland security and commercial programs throughout the world. The company includes Elbit Systems and its subsidiaries and operates in the areas of aerospace, land and naval systems, communications and intelligence surveillance.