Director General of the Israel Ministry of Defense, Maj. Gen. (Res.) Eyal Zamir, signed an ammunition deal with Elbit Systems yesterday (July 31, 2024), worth approximately $340 million. As part of this deal, Elbit will establish a new facility in Israel to produce ammunition and munitions.
The signing ceremony was held at the Israel Ministry of Defense headquarters in the Kirya Base in Tel Aviv and was also attended by Zeev Landau, Head of the Directorate of Production and Procurement (DOPP) at the IMoD; Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems; Yehuda (Udi) Vered, General Manager of Elbit Systems Land; Dekel Cohen, Head of the Finance Department at the IMoD; and other senior officials.
This procurement is part of the IMoD’s strategy to ensure a steady supply of critical materials for the IDF’s strength and longevity during ongoing and future operations.
Director General of the Israel Ministry of Defense, Maj. Gen. (Res.) Eyal Zamir: “This deal marks a significant milestone in the Ministry of Defense’s vision, initiated under Minister Yoav Galant’s guidance, to ensure the continuous advancement of the IDF’s operational capabilities. We are committing millions to build and expand production lines, supporting our long-term objectives. Beyond addressing immediate security needs, this investment will stimulate the economy, create new jobs, and drive future growth in defense exports.”
President and CEO of Elbit Systems, Bezalel (Butzi) Machlis: “This agreement, which complements the ‘Iron Sting’ deal reported earlier this week, reflects Elbit’s deep connection with the Israeli defense establishment and the IDF. We continue to expand our production facilities to meet our commitments to customers in Israel and abroad. I thank the IDF and the Israel Ministry of Defense for their trust in Elbit, which consistently works to develop and deliver leading-edge and innovative technological solutions that prove their worth time and again.”
