During the recent Iran war, Israeli defense technology company Elbit Systems was awarded approximately $200 million in contracts by the Israel Defense Ministry.
Elbit Systems is a leading international defense technology company specializing in the development, manufacturing, and integration of homeland security systems.
During the last month of the war, Elbit Systems was awarded several contracts by the Defense Ministry to supply advanced airborne munitions.
Bezhalel Machlis, President and CEO of Elbit Systems, said in a statement on the company's website that “This series of contracts underscores Elbit Systems’ technological leadership in air-launched weapon systems.”
Machlis added that Elbit Systems is “proud of our long-standing partnership with the Defense Ministry and our ongoing commitment to developing and delivering high precision, reliable solutions that are among the factors enabling the Israeli Air Force’s air superiority.”
Demand increased during the war
On March 17, after more than two weeks of Israeli-US operations in Iran, Elbit Systems reported a surge in demand. Machlis said that the company was working around the clock to ensure Israel did not run out of ammunition and other military systems.
Machlis said Elbit supplies a host of systems to the Israeli military for use in Iran, such as long-range guided munitions or equipment used in electronic warfare.
Elbit’s chief financial officer, Yaacov Kagan, explained that the surge in demand wasn’t coming exclusively from within Israel, but also from other Gulf countries in need of air defense systems.
“Customers like to see (systems) tested in battle, so we are engaged with international customers, and we anticipate demand,” said Kagan.