Israeli Co Elbit Systems Wins $229 Million Order In Australia

Elbit President and CEO Bezhalel (Butzi) Machlis

 Elbit President and CEO Bezhalel (Butzi) Machlis

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) has announced that the Australian Department of Defence has exercised options for additional quantities under an extant contract via a contract change, and also engaged Elbit Systems to conduct a Risk Reduction Activity via a survey and quote under the terms of an extant contract. Elbit says that the total value of both activities is approximately $229 million (excluding Australian Goods and Services Tax). The contract will be performed over a three-year period.

Elbit Systems is the prime contractor of the Australian Defence Forces’ (“ADF”) Battle Management Systems.

The project, to be performed primarily by Elbit Systems of Australia (ELSA), will support the Australian Army in achieving its digitisation objectives.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems commented: “Australia is a very important market for Elbit Systems, and we are proud to be awarded these follow-on orders.” Machlis added: “Elbit Systems is a global leading supplier of tactical Battle Management Systems, which are in operational use in dozens of armed forces worldwide, and we take great satisfaction in this new Australian vote of confidence.”

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