Elbit Nabs $153 Million Contract With Southeast Asian Army

Nasdaq and Tel Aviv-listed Israeli defense contractor Elbit Systems Ltd. was awarded a contract valued at approximately $153 million to supply an array of unmanned aircraft systems (UAS) to the army of an unnamed country in Southeast Asia, the company announced Sunday. The systems will be delivered over a 22-months period.

Last month, the company announced it was awarded a $500 million contract with the U.S. Air Force, and that the Royal Netherlands Army is set to implement infantry defense systems by Elbit in 150 vehicles. In May, the company was awarded a $127 million contract to supply vehicular tactical radio systems to the army of a non-disclosed country in South Asia. Founded in 1966 and headquartered in northern Israel, Elbit and its subsidiaries operate in a variety of military-oriented and technological fields, including aerospace, surveillance, and land and naval systems. For the fiscal year of 2018, the company reported revenues of $3.68 billion.

Elbit is the world’s 28th largest arms exporter, according to a report published in March by the Stockholm International Peace Research Institute (SIPRI), an institute dedicated to research into conflict, armaments, arms control, and disarmament.