Elbit Systems' U.S. subsidiary receives Army $103 million contract
The contract, with a maximum value of up to approximately $103 million, will be performed over five-year period. An initial purchase order, in an amount that is not material to the company, have 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 effectively employ WVA as a subcontractor to Elbit Systems of America on many mortar components.
"We are extremely pleased to continue our partnership with the United States Army by supplying our warfighters with the mortar weapon systems that enhance their mission effectiveness and provide the necessary precision and flexibility to address current and future threats," commented Raanan Horowitz, president and CEO of Elbit Systems of America. ■