Israel’s Defense Ministry Orders Ammunition Worth $340M
The contract was announced by Elbit Systems on August 1, 2024.
Israeli firm Elbit Systems announced a contract valued $340 million for the supply of ammunition to the Israeli Ministry of Defense (IMOD).
The contract will be performed over a period of 10 years. Elbit Systems will establish a manufacturing facility to produce the ammunition.
The ministry says the procurement is part of its “strategy to ensure a steady supply of critical materials for the Israel Defense Force’s strength and longevity during ongoing and future operations.”
The company recently received a $190-million contract to provide its Iron Sting mortar munition to the ministry.
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