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.
