Elbit Systems (ESLT) Secures $277 Million in Contracts from Unnamed International Customer

Elbit Systems Ltd. (NASDAQ:ESLT) is one of the Best Aerospace and Defense Stocks to Invest In Right Now. On February 18, Elbit Systems Ltd. (NASDAQ:ESLT) announced securing $277 million in contracts from an unnamed international customer. Management noted that the deal includes the supply of 30mm turrets, the UT30MK2 model, and related munitions for over 3 years.

​UT30MK2 Turret is a turret designed for armored personnel carrier vehicles and is versatile and low profile. The Turret comes with manned and unmanned turret modes and enhances the firepower of armored personnel carriers. It can also be customized to integrate missiles, advanced sights, and other weapons seamlessly.

​Moreover, the weapon loadout includes a 30mm main gun for punching through armor, a 7.62mm coaxial machine gun for close-range fire, and anti-tank guided missiles for long-range threats.

​Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, noted:

​“We are proud to be selected once again by a valued international customer. These contracts reflect the customer’s confidence in our advanced land systems and munitions technologies and further demonstrate our ability to deliver high–performance, operational solutions to armed forces worldwide.”

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Elbit Systems Ltd. (NASDAQ:ESLT) is an Israel-based defense technology company, offering a comprehensive range of military drones, from the man-portable Skylark LEX to the multi-mission Hermes-900. According to reports, Elbit’s SkyStriker was among the drones used by the Indian military against Pakistan in the recent conflict.

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Disclosure: None. This article is originally published at Insider Monkey.