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.
211216-N-QI061-1222 NAVAL STATION MAYPORT, Fla. (December 16, 2021) An MQ-4C Triton Unmanned Aircraft System (UAS), assigned to Unmanned Patrol Squadron 19 (VUP-19), sits on the flight line at Naval Station Mayport, Florida, Dec. 16, 2021. VUP-19, the Navy’s first Triton squadron, will continue to maintain and operate the aircraft off the East Coast to further develop the concept of operations and refine tactics, techniques, and procedures. (U.S. Navy photo by Mass Communication Specialist 2nd Class Nathan T. Beard/ Released)