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Elbit wins Swedish tank ammunition deal

by Index Investing News
March 22, 2022
in Financial
Reading Time: 1 min read
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Israeli protection electronics firm Elbit Programs Ltd. (Nasdaq: ESLT; TASE:ESLT) introduced right now that it has been awarded a contract price $27 million by the Swedish Protection Materiel Administration, to supply the Swedish Armed Forces with M339 rounds, 120mm ammunition, and Information Setting Items, for its Leopard Principal Battle Tanks (MBTs). The contract shall be carried out over ten months.




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Appropriate for all NATO 120mm clean bore gun MBTs, the M339 is a high-accuracy, multi-purpose 120mm tank ammunition that complies with the relevant requirements of the US Navy and NATO. The Swedish Armed Forces chosen the M339, Elbit stated, to enhance the firepower and the power of the battle tanks to have interaction several types of targets.

Elbit Programs Land common supervisor Yehuda Vered stated, “I imagine that this choice by Sweden underscores the rising recognition by Western armies of the distinctive high quality of our portfolio of merchandise.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on March 21, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.




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