Elbit Systems Secures $228M Follow-on Contract for U.S. Army Bradley APS
Summary
Elbit Systems was awarded a $228 million follow-on contract by General Dynamics Ordnance and Tactical Systems to supply its Iron Fist Active Protection System for U.S. Army Bradley Fighting Vehicle upgrades over three years.
Key Events
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Awarded $228 Million Contract
Elbit Systems secured a follow-on contract from General Dynamics Ordnance and Tactical Systems valued at $228 million.
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Iron Fist APS for U.S. Army
The contract is to supply the company's Iron Fist Active Protection System for the U.S. Army's Bradley Fighting Vehicle upgrades.
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Three-Year Execution Period
The contract is scheduled to be executed over a period of three years, providing long-term revenue.
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Reinforces Strategic Partnership
This marks the third selection of the Iron Fist APS by the U.S. Army, highlighting a strong and ongoing partnership.
Analysis
This significant follow-on contract reinforces Elbit Systems' position as a key defense technology provider, particularly in advanced active protection systems. The award from General Dynamics Ordnance and Tactical Systems for the U.S. Army's Bradley IFV upgrades demonstrates continued trust in Elbit's Iron Fist APS, which is already selected by multiple NATO and global armies. This contract adds substantial value to the company's order backlog and provides revenue visibility over the next three years, contributing positively to its financial outlook.
At the time of this filing, ESLT was trading at $715.76 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $33.4B. The 52-week trading range was $293.61 to $737.51. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.