Elbit Systems Awarded $106 Million Contract to Supply SIGMA Self-Propelled Howitzer Gun Systems to a Country in Asia-Pacific

Class Action Lawsuit - Nov 24, 2021 11:26 AM ET

Elbit Systems Ltd. announced that it was awarded a contract valued at approximately $106 million to supply SIGMA fully automatic self-propelled howitzer gun systems to a country in Asia-Pacific. The contract will be fulfilled over a five-year period.

SIGMA is a 155mm/52 calibre self-propelled howitzer capable of automatic loading and laying of the gun system, rapid in-and-out action times and high rate of fire. It offers a protected cabin for a crew of three. Depending on the mission, SIGMA is capable of automatically selecting and loading the required projectile, propellant and fuze and laying the gun to optimally engage targets.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: "The SIGMA system effectively addresses the growing need of armed forces to enhance the effectiveness of their artillery formations and reduce life-cycle costs while improving precision, rapidity, autonomy, survivability and connectivity. The SIGMA system is based on the know-how and experience accumulated by the Company over decades in supplying artillery systems to numerous customers, including the new 155mm fully automatic self-propelled howitzer gun systems for the Israel Defense Forces."

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com.

Company Contact: 

IR Contact: 

   

Joseph Gaspar, Executive VP & CFO

Ehud Helft

Tel:  +972-4-8316663

Kenny Green

[email protected]

GK Investor Relations 

 

Tel: 1-646-201-9246

Rami Myerson, Director, Investor Relations

[email protected]

Tel: +972-77-2948984

 

[email protected]

 
   

David Vaaknin, VP, Head of Corporate Communications

 

Tel: +972-77-2946691 

 

[email protected]

 

URL : http://elbitsystems.com

Contact Information:

Joseph Gaspar, Executive VP & CFO


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