Haifa, Israel, October 27, 2022 /PRNewswire/ — Elbit Systems Ltd. ESLT ESLT (“Elbit Systems”) announced today that Sparton De Leon Springs LLC, a subsidiary of Elbit Systems of America LLC, along with two other companies, has an estimated combined cap of total $5.1 billion for firm, fixed-price changes to a previously awarded indefinite supply/indefinite quantity (ID/IQ) contract to supply sonobuoy capabilities to the US Navy. According to the US Department of Defense, no funds were committed at the time of award. Companies have the opportunity to apply for individual orders, and funds for individual orders are committed when they are placed.

It is clarified that the aforementioned ID/IQ is a framework agreement with a common possible maximum limit for all three qualified companies. There is no certainty as to the value or timing of orders to be placed under the ID/IQ or any split between the companies.

About Elbit systems

Elbit Systems Ltd. is an international high-tech corporation involved in a wide range of defense, homeland security and commercial programs worldwide. The company, which includes Elbit Systems and its subsidiaries, is active in aerospace, land and naval systems, command, control, communications, computers, intelligence and reconnaissance (“C4ISR”), unmanned aerial systems, advanced electro-optics, electro-optical Space systems, EW suites, signals intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The company also focuses on upgrading existing platforms, developing new technologies for defense, homeland security and commercial applications, and offers a range of support services including training and simulation systems.

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Company contacts:

Joseph Kaspar, Senior EVP –…