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11:52 AM, January 1, 2020
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Elbit to Supply Ammunition to Israeli MOD worth $144M
Elbit Systems assault rifles

Elbit Systems has been awarded contract by the Israeli Ministry of Defense (MoD) worth $144 million to supply small caliber ammunition to the Israeli Defense Forces.

Work will begin in 2021 on a five year contract, which will be a continuation of the existing multi-year contract with the Israeli MoD. The work will be carried out in Elbit's Nof Hagalil (Upper Nazareth) factory, which became part of the company in 2018 as part of the NIS 1.9 billion acquisition from the Israeli government of IMI Systems.

Israel's Ministry of Defense said that the new contract will ensure the continued supply of ammunition to the IDF's units., according to a Globes report.

The Ministry of Defense's Production and Procurement Directorate head Avi Dadon said, "Even in a complex budgetary reality, the Defense Ministry is working to fulfil as many multi-year agreements as possible, alongside its support for the IDF, it is protecting the vital and quality production lines of the defense industries."

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