Elbit Systems Secures $27M Contract For NATO Compliant Tank Ammunition

  • Elbit Systems Ltd ESLT has secured a ~$27 million contract from the Swedish Defence Material Administration. The contract will be performed over ten months.
  • As per the contract, Elbit will provide the Swedish Armed Forces with M339 rounds, 120mm ammunition, and Data Setting Units for its Leopard Main Battle Tanks (MBTs).
  • Suitable for all NATO 120mm smoothbore gun MBTs, the M339 is a high-accuracy, multi-purpose 120mm tank ammunition that complies with the applicable standards of the U.S. Military and NATO.
  • Price Action: ESLT shares are trading higher by 3.71% at $221.66 during the premarket session on Monday.
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