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

By Akanksha Bakshi
  • 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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