As per the terms, ESLT will supply an Iron Fist Active Protection System for the CV90 Platform for a European customer. The contract duration is over three years.

"Recent conflicts have shown that armored fighting vehicles and tanks face an increased danger to forces on the battlefield. the Iron Fist has been proven to be effective against a range of threats including kinetic energy rounds and drones, neutralizing them far from troops inside combat fighting vehicles," said Yehuda (Udi) Vered, General Manager of Elbit Systems Land.

Price Action: ESLT shares closed higher by 0.24% at $199.15 on Friday.