Elbit Systems wins US orders worth $370m
Elbit Systems of America has secured $370 million in contracts from the US Customs and Border Protection to be fulfilled by 2029. The company is also showcasing its defense technologies at the Farnborough International Air Show.
Why it matters
These contracts highlight the ongoing demand for border security technology and the significant role of defense contractors in international military supply chains.
Elbit Systems (TASE: ESLT; Nasdaq: ESLT) announced today that its US subsidiary Elbit Systems of America, LLC had been awarded several contracts from US Customs and Border Protection (CBP) totaling over $370 million. The orders will be supplied by May 2029.
Elbit Systems president and CEO Bezhalel Machlis said, "These new awards demonstrate Elbit Systems of America’s continued contribution to enhancing the security and defense capabilities of the United States."
The announcement comes on the day that Elbit Systems UK (ESUK) opens its display at the Farnborough International Air Show, which lasts until Friday. The Elbit Systems subsidiary has been supplying advanced defense technologies to the British armed forces for over two decades.
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