Elbit Systems Awarded Approximately $190 Million Contract to Supply Iron Sting Guided Mortar Munition to the Israeli Ministry of Defense
Elbit Systems (NASDAQ: ESLT) has secured a contract worth approximately $190 million to supply its Iron Sting laser and GPS-guided mortar munition to the Israeli Ministry of Defense. The contract will be executed over a 2-year period. Iron Sting is a precision-guided 120mm mortar munition with a range of up to 10 kilometers, featuring immune GPS and laser guidance technology. It includes a multi-mode fuze with various detonation options and a loading time of about 15 seconds.
Yehuda Vered, General Manager of Elbit Systems Land, emphasized the company's position as a market leader in precision-guided solutions, highlighting the increasing demand for accurate technologies in urban military conflicts to minimize collateral damage.
Elbit Systems (NASDAQ: ESLT) ha ottenuto un contratto del valore di circa 190 milioni di dollari per fornire la sua munizione per mortaio laser e guidata GPS Iron Sting al Ministero della Difesa israeliano. Il contratto sarà eseguito in un periodo di 2 anni. Iron Sting è una munizione per mortaio da 120mm guidata con precisione, con un raggio d'azione fino a 10 chilometri, dotata di tecnologia di guida GPS e laser immune. Include un fuso multi-modalità con varie opzioni di detonazione e un tempo di caricamento di circa 15 secondi.
Yehuda Vered, Direttore Generale di Elbit Systems Land, ha sottolineato la posizione dell'azienda come leader di mercato nelle soluzioni guidate con precisione, evidenziando l'aumento della domanda di tecnologie accurate nei conflitti militari urbani per ridurre al minimo i danni collaterali.
Elbit Systems (NASDAQ: ESLT) ha asegurado un contrato por aproximadamente 190 millones de dólares para suministrar su munición para morteros guiada por láser y GPS Iron Sting al Ministerio de Defensa de Israel. El contrato se llevará a cabo en un período de 2 años. Iron Sting es una munición de mortero de 120mm guiada con precisión, con un alcance de hasta 10 kilómetros, que cuenta con tecnología de guía GPS y láser inmunizada. Incluye un fusible de modo múltiple con varias opciones de detonación y un tiempo de carga de aproximadamente 15 segundos.
Yehuda Vered, Gerente General de Elbit Systems Land, enfatizó la posición de la empresa como líder en el mercado de soluciones guiadas con precisión, destacando la creciente demanda de tecnologías precisas en conflictos militares urbanos para minimizar los daños colaterales.
엘빗 시스템스 (NASDAQ: ESLT)는 1억 9천만 달러 상당의 계약을 체결하여 이스라엘 국방부에 레이저 및 GPS 유도 박격포 탄약 아이언 스팅을 공급합니다. 이 계약은 2년 기간 동안 이행될 것입니다. 아이언 스팅은 최대 10킬로미터까지의 사거리를 가진 정밀 유도 120mm 박격포 탄약으로, GPS 및 레이저 유도 기술을 갖추고 있습니다. 다양한 폭발 옵션을 갖춘 다중 모드 신관과 약 15초의 장전 시간을 포함하고 있습니다.
엘빗 시스템스 랜드의 총괄 관리자 예후다 베레드는 정밀 유도 솔루션 시장에서 회사의 위치를 강조하며, 도시 군사 충돌에서의 정확한 기술에 대한 수요 증가를 언급하여 부수적 피해를 최소화하는 데 기여하고 싶다고 밝혔습니다.
Elbit Systems (NASDAQ: ESLT) a obtenu un contrat d'une valeur d'environ 190 millions de dollars pour fournir son obus de mortier guidé par laser et GPS Iron Sting au Ministère de la Défense israélien. Le contrat sera exécuté sur une période de 2 ans. Iron Sting est un obus de mortier de 120mm guidé avec précision, avec une portée allant jusqu'à 10 kilomètres, disposant d'une technologie de guidage GPS et laser immunisée. Il comprend un fusible multimode avec plusieurs options de détonation et un temps de chargement d'environ 15 secondes.
Yehuda Vered, directeur général d'Elbit Systems Land, a souligné la position de l'entreprise en tant que leader du marché des solutions guidées avec précision, mettant en évidence la demande croissante pour des technologies précises dans les conflits militaires urbains afin de minimiser les dommages collatéraux.
Elbit Systems (NASDAQ: ESLT) hat einen Vertrag im Wert von etwa 190 Millionen Dollar abgeschlossen, um seine Iron Sting Laser- und GPS-gesteuerte Mörsermunition an das Israelische Verteidigungsministerium zu liefern. Der Vertrag wird über einen 2-Jahres-Zeitraum umgesetzt. Iron Sting ist eine präzise 120mm Mörsermunition mit einer Reichweite von bis zu 10 Kilometern, die über eine immunisierte GPS- und Laserlenkungstechnologie verfügt. Es enthält einen Mehrzweckzünder mit verschiedenen Zündoptionen und eine Ladezeit von etwa 15 Sekunden.
Yehuda Vered, Geschäftsführer von Elbit Systems Land, betonte die Marktführerschaft des Unternehmens im Bereich präzise Lösungen und hob die zunehmende Nachfrage nach genauen Technologien in städtischen Militärkonflikten hervor, um Kollateralschäden zu minimieren.
- Secured a $190 million contract with the Israeli Ministry of Defense
- Contract to be performed over 2 years, providing steady revenue
- Demonstrates market leadership in precision-guided munitions
- Addresses growing demand for accurate technologies in urban warfare
- None.
Insights
The $190 million contract awarded to Elbit Systems for the Iron Sting guided mortar munition is a significant development in the defense sector. This deal underscores the growing demand for precision-guided weapons in modern warfare, particularly in urban environments where minimizing collateral damage is crucial.
The Iron Sting's combination of laser and GPS guidance technology represents a notable advancement in mortar munitions. With a range of up to 10 kilometers and multiple fuze options, it offers military forces enhanced flexibility and accuracy in various combat scenarios. The short loading time of
For Elbit Systems, this contract solidifies its position in the precision-guided munitions market. It's likely to have a positive impact on the company's revenue stream over the next two years and could lead to further contracts, both domestically and internationally. However, investors should consider the potential for increased scrutiny and ethical concerns surrounding advanced weapons systems, which could impact future business opportunities.
From a broader industry perspective, this contract signals a continued trend towards smart munitions in military modernization efforts. It may spur competitors to accelerate their R&D in similar technologies, potentially leading to a more competitive market landscape in the coming years.
The
Investors should note several key financial implications:
- Revenue Visibility: The contract provides clear revenue visibility for the next two years, which can be attractive to investors seeking stability.
- Profit Margins: Given the high-tech nature of the Iron Sting system, this contract likely carries favorable profit margins, potentially boosting Elbit's overall profitability.
- Cash Flow: The structure of defense contracts often involves advance payments, which could positively impact Elbit's cash flow position.
However, it's important to consider potential risks, such as project execution challenges or geopolitical factors that could affect contract fulfillment. Additionally, while this contract is significant, investors should assess it in the context of Elbit's overall order backlog and long-term growth strategy.
Given Elbit's dual listing on NASDAQ and TASE, this news might influence trading on both exchanges. Investors should monitor for any short-term stock price movements in response to this announcement, while keeping in mind the longer-term implications for Elbit's market position and financial health.
Iron Sting is a precision-guided mortar munition, launched from a 120mm mortar, designed to accurately target and destroy objectives, utilizing both immune GPS and laser guidance technology. It has a range of up to 10 kilometers. Iron Sting features a multi-mode fuze with Point Detonation (PD), Point Detonation Delay (PDD), and Proximity Sensor (PRX) operating modes. The loading time is approximately 15 seconds.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land: "Following the combat experience our cutting-edge guided mortar munition has accumulated, this contract further cements our position as a market leader in precision-guided solutions. With the rise of military conflicts in urban environments, armed forces around the world demand accurate technologies that minimize collateral damage. Elbit Systems' Iron Sting meets this critical need."
About Elbit Systems
Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging
Elbit Systems employs over 19,000 people in dozens of countries across five continents. The Company reported as of March 31, 2024 approximately
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Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
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