Posted by Skyler Frink
HAIFA, Israel, Oct. 31, 2011. Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that it has won contract to supply mortars to the Spanish Army. The project, valued at $8.5 million, will be implemented over a 12-month period.
The Spanish Army's decision to equip its forces with mortars provided by Elbit Systems was made after a series of successful tests in both Spain and in Israel.
Elbit Systems will be the lead contractor for the project, which will include the installation of CARDOM autonomous recoil 81mm mortars mounted on the back of VAMTAC 4x4 vehicles produced in Spain by UROVESA and with the participation of local industries.
Israeli Defense Forces order Elbit Cardom computerized, autonomous mortar launcher in $40 million deal
Elbit Systems' Brazilian Subsidiary, AEL, to provide EMBRAER with advanced systems for KC-390 program
Elbit Systems U.S. subsidiary to provide Mortar Fire Control Systems Integration to U.S Army