Elbit Systems Obtains $350 Million Tank Modernization Contract

MT Newswires Live05-28

Elbit Systems (ESLT) obtained a contract valued at roughly $350 million from an overseas client to upgrade main battle tanks, the company said Thursday.

The 4-year plan involves installing updated fire control mechanisms, electrical turret drives, and positional awareness equipment, and to prolong the operating lifespan and boost the combat capabilities of the vehicles, the company said.

The project incorporates lightweight digital optical sights equipped with artificial intelligence features to assist with night operations and target tracking, Elbit Systems said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment