Elbit Systems of America
Elbit Systems Ltd. (NASDAQ: ESLT) announced Monday that its U.S. subsidiary, Elbit Systems of America LLC, was awarded an Indefinite Delivery/Indefinite Quantity contract worth up to about $49 million to provide 120mm mortar systems for the U.S. Army.
The company said the contract will be executed in Fort Worth over a period of five years.
An initial delivery order of approximately $10 million has been issued under this ID/IQ contract, to be executed over a two-year period.
"Being a trusted provider of choice for critical missions and needs is part of our vision,” said Raanan Horowitz, president and CEO of Elbit Systems of America. “I am honored the U.S. Army continues to value the solutions our company provides to U.S. soldiers and we look forward to a continued partnership."
The contract was awarded following the successful completion of a previous contract of this type that was awarded to the company in 2016, the company said in a news release.