Live Update
From the Liveblog of
Thursday, August 1, 2024
Defense Ministry signs massive deal with Elbit Systems for ammunition, munitions
Emanuel (Mannie) Fabian is The Times of Israel's military correspondent
The Defense Ministry has signed a massive NIS 1.5 billion ($340 million) deal with Israeli defense firm Elbit Systems for ammunition and munitions for the military.
As part of the deal, Elbit is to establish a new factory to manufacture the weaponry.
The ministry says the procurement is part of its “strategy to ensure a steady supply of critical materials for the IDF’s strength and longevity during ongoing and future operations.”
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here