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Benzinga

Akanksha Bakshi

Elbit Systems To Supply Combat Management Systems To The Royal Swedish Navy

Elbit Systems Ltd (NASDAQ:ESLT) Swedish subsidiary, Elbit Systems Sweden AB, has secured a contract from the Swedish Defence Material Administration to supply the Albatross Combat Management Systems (CMS) for the Royal Swedish Navy.
The contract is in an amount that is not material to Elbit Systems and will be performed over a period of 34 months.
Elbit Systems Sweden will supply the Albatross CMS for the Spårö Class Mine Countermeasures (MCM) Vessels of the Royal Swedish Navy. Albatross is a scalable open architecture CMS based on the company's E-CIX platform.
Price Action: ESLT shares closed higher by 1.12% at $176.57 on Wednesday.

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