Elbit Systems Pockets $100M Contract From Babcock

  • Elbit Systems Ltd's ESLT subsidiary Elbit Systems UK Ltd. has secured a contract valued at ~$100 million (~£73 million) from Babcock International Group PLC BCKIF to provide the Royal Navy with new Electronic Warfare capabilities under Increment 1 of the Maritime Electronic Warfare System Integrated Capability (MEWSIC) Program.
  • The contract will be performed over 13 years and will include in-service support.
  • Under the Program, Elbit Systems UK will design, manufacture and deliver maritime Electronic Warfare (EW) suites comprised of fully digital full-spectrum Radar Electronic Support Measures (RESM) and EW Command and Control (EWC2) systems.
  • Price Action: ESLT shares are trading higher by 0.20% at $156.39 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksContractsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!