Elbit Systems is signing a contract with the US Army in the amount of107 million dollars

The Israeli defense industry company Elbit Systems is benefiting from the tense geopolitical situation and the increase in defense budgets in many countries around the world following the war in Ukraine and has signed contracts worth hundreds of millions of dollars.
The company announced that it is signing another contract with the US Army, in the amount of 107 million dollars, for the supply of night vision systems. These are improved night vision goggles - binocular systems (ENVG-B), spare parts, logistical support, and test equipment, for The army, which is expected to be delivered during 2023-2024.
Elbit says that "ENVG-B combines powerful night vision and awareness capabilities to allow soldiers to navigate the modern battlefield in the best possible way. The systems enable the enhancement of the terrain image using white phosphorous and enable better vision even in conditions of fog, dust or smoke, it has a wireless connection to the rifle And other tools that enable quick "acquisition" of the target.
Bezalel (Butsi) Machlis, President and CEO of Elbit Systems: "The agreement testifies to the quality of the technologies of Elbit Systems America and its unique operational contribution, a demonstration of the significant potential of our night vision activity."
Since the last reports, Elbit signed an agreement to supply the Hermes 900 UAV to the Thai army in the amount of 120 million dollars. Before that, it signed an agreement to supply unmanned turrets for the RCM with a country in Asia, as well as an electronic warfare training contract for 76 million dollars with A country in Asia Pacific. It also signed two additional contracts with the US military in the amount of 60 million dollars and a contract of 240 million dollars with a state that did not provide additional details. At the same time, Elbit confirmed that a hacker broke into the company's database, but it did not agree to pay him a ransom .
In the reports for the second quarter of this year, Elbit reported revenues of approximately $1.3 billion - the same as in the corresponding quarter last year and slightly below analysts' expectations for revenues of approximately $1.32 billion. The company missed the earnings per share line (on a NON-GAAP basis) when it recorded $1.73 - below analysts' expectations for a profit of $1.87 per share. On the other hand, the backlog of orders increased and amounted to 14.1 billion dollars.