Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced it received a contract valued at approximately $350 million from an international customer to deliver upgrades for Main Battle Tanks. The four-year program includes integration of advanced Fire Control Systems, Electric Gun & Turret Drive Systems, Communication and Situational Awareness solutions, and Mid Life Upgrade packages.

The contract covers modernization of tank systems to extend service life and enhance combat readiness. Upgrades include lightweight, high-performance electro-optical sights with artificial intelligence capabilities for day and night observation, target detection and tracking. The agreement also encompasses spare parts supply, maintenance and technical support, plus integration of secure, high-capacity voice communication systems.

"Elbit Systems is a global leader in tank modernization programs," said Bezhalel Machlis, President and CEO of Elbit Systems. "By leveraging the strengths and expertise of our divisions, we deliver comprehensive and integrated solutions that incorporate latest generation fire control, electro-optical, and communication systems, along with other state-of-the-art subsystems."

The Haifa, Israel-based defense technology company employs over 20,000 people across dozens of countries on five continents. Elbit Systems reported revenues of $2.19 billion for the three months ended March 31, 2026, with an order backlog of $30.2 billion as of that date.

The information is based on a company press release statement.