Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Israel Inks $260 Million Deal to Boost Aerial Munitions Production

Elbit Systems secured $260 million to supply advanced airborne munitions amid ammunition shortages caused by reduced foreign arms shipments, supporting Israel Defense Forces’ operational readiness.

  • On August 11, 2025, Elbit Systems disclosed that it had secured two contracts with a combined value near $260 million to provide Israel’s Ministry of Defense with sophisticated airborne weaponry, with production taking place at its Haifa facilities.
  • The contracts follow supply challenges during the 2024 Hamas war, including a sharp drop in US arms shipments that Prime Minister Netanyahu described as largely behind closed doors and affecting Israel’s operational capacity.
  • Elbit's factories have operated with additional staff since the 2023 Gaza conflict to meet surging Ministry of Defense demands, reflecting an ongoing partnership aimed at strengthening Israel's self-supply capabilities.
  • Elbit CEO Bezhalel Machlis highlighted the company’s ongoing partnership with the Israel Ministry of Defense, providing innovative technologies designed to improve the Israel Defense Forces’ operational capabilities and address the dynamic challenges faced by the military.
  • The contracts underscore Israel's strategic focus on expanding domestic defense production to support ongoing military operations and future preparedness, while Elbit reported $1.9 billion revenues and $23.1 billion backlog by March 2025.
Insights by Ground AI
Does this summary seem wrong?

11 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Benzinga broke the news in New York, United States on Monday, August 11, 2025.
Sources are mostly out of (0)

Similar News Topics

News
For You
Search
BlindspotLocal