Artillery price

Elbit Systems wins $106 million artillery contract

In the latest in a series of high value deal announcements, Elbit Systems Ltd. (TASE: ESLT; Nasdaq: ESLT) announced today that it has been awarded a contract worth approximately $106 million to supply the SIGMA fully automatic self-propelled howitzer. firearms systems in an Asia-Pacific country. The contract will be executed over a period of five years.

SIGMA is a 155 mm / 52 caliber self-propelled howitzer capable of automatic loading and laying of the barrel system, fast entry and exit action times and a high rate of fire. It offers a protected cabin for a crew of three. “Depending on the mission, SIGMA is able to automatically select and load the required projectile, propellant and fuse and position the gun to optimally engage targets,” the company’s announcement reads.

Elbit Systems CEO Bezhalel (Butzi) Machlis said, “The SIGMA system effectively addresses the growing need for armed forces to improve the effectiveness of their artillery formations and reduce life cycle costs while improving accuracy, speed, range, survivability and connectivity. is based on the know-how and experience accumulated by the company over decades in supplying artillery systems to numerous customers, including the new 155 mm fully automatic self-propelled howitzer systems for the Forces Israeli defence.

Published by Globes, Israel business news – – on November 15, 2021.

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