Serbia revealed as buyer in Elbit’s $1.63 billion arms deal
The Israeli defense firm had withheld the client’s name; package includes drones, missiles, and command systems.
Elbit Systems will supply the Serbian army with a wide range of weapons and systems to upgrade its capabilities as part of an ongoing modernization process.
Last week, Elbit reported to the Tel Aviv Stock Exchange that it had signed a major deal worth $1.63 billion, without disclosing the European country purchasing its equipment. The package includes Elbit’s largest drone, the Hermes 900, along with long-range precision missiles, electronic warfare systems, and command-and-control platforms designed to enhance battlefield operations.
The company said its refusal to disclose the client was in response to a confidentiality request from the customer.
A security source told Calcalist that Serbia’s Ministry of Defense intends through this procurement to significantly improve its operational capabilities, particularly in light of the ongoing war between Russia and Ukraine, now in its fourth year.
Elbit Systems declined to comment further on the report.
Last week, the company also published its second-quarter financial results, showing sales growth of more than 21% year-on-year to $1.97 billion, with profit increasing by more than 60%.
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Earlier last week, Elbit also reported a NIS 900 million ($244 million) order from Israel’s Ministry of Defense for the production of various types of munitions, including Rampage precision air-to-ground missiles.
