The Israeli Ministry of Defense has signed new orders with Elbit Systems, valued at approximately $260 million, for airborne munitions to support the Israel Defense Forces. Production will take place at Elbit's facilities across Israel, which have ramped up operations since the onset of the war. These contracts are part of a broader strategy to strengthen the country's defense production capabilities and ensure the military's readiness for current and future challenges.

The deal comes at a pivotal moment for Elbit, following a partial embargo on arms exports from Germany and recent fluctuations in the company's share price. Just weeks earlier, Elbit secured another $260 million contract to supply self-protection systems for Germany's military aircraft, highlighting its international reach.

Elbit's leadership emphasized the importance of these contracts in enhancing operational readiness and advancing technological innovation for Israel's defense forces. Ministry officials underscored the critical partnership between the government, military, and industry, stressing the need to accelerate development and maintain a strategic advantage in the region.