Elbit Systems receives $200 million contract for Iron Beam in Israel
- Elbit Systems Ltd. has been awarded a $200 million contract for high-power laser development from the Israeli Ministry of Defense.
- The contract pertains to the "Iron Beam" air defense system, designed to protect against aerial threats.
- This development signifies a major advancement in defense technology for Israel and highlights the company's leadership in this sector.
On October 28, 2024, Elbit Systems Ltd., based in Israel, announced that it secured a contract worth approximately $200 million from the Israeli Ministry of Defense (IMOD) for the supply of high-power laser systems. This contract is part of the "Iron Beam" air defense system, which aims to enhance Israel's defensive capabilities against various airborne threats. The high-power laser technology represents a significant advancement in aerial defense solutions, promising ongoing support services as part of the collaboration. Bezhalel Machlis, the company's President and CEO, emphasized the importance of this project for Israel's defense strategy and the company's role as a leader in laser technology. With a workforce of over 20,000 and an extensive order backlog estimated at $21.1 billion, Elbit Systems continues to consolidate its position in the defense sector, shaping innovations that align with the evolving needs of military operations. The contract reflects not only the technological progress made by Elbit Systems but also the heightened focus on enhancing national security amid regional tensions. As Israel navigates complex security challenges, the reliance on advanced defense systems underscores the ongoing demand for innovative solutions within the defense sector, marking a leap forward in complementing existing military assets.