Israel-based defence firm Elbit Systems, which has recently increased its market dominance in the Asia-Pacific region, won a contract worth some $670 million to supply defence products to an unnamed country in the Asia-Pacific region. The deal will be carried out over a 25-month period. “This significant contract award is a testament to the trust that customers place with our solutions and to the leading position we hold in the market,” Elbit CEO Bezhalel Machlis said in a statement.
Elbit has disclosed over $1 billion in contracts since the start of 2020. The company has made several deals in the region in recent months. On February 10 Elbit said it had secured $136 million in contracts to provide Asia-Pacific customers with airborne laser defence systems over four years.