Benzinga | Nov 15, 2021 10:51AM EST

Elbit Systems Secures $106M Contract For SIGMA Self-Propelled Howitzer Gun Systems

* Elbit Systems Ltd (NASDAQ:ESLT) secured a contract valued at ~$106 million to supply SIGMA fully automatic self-propelled howitzer gun systems to a country in Asia-Pacific.

* The company will fulfill the contract over five years.

* SIGMA is a 155mm/52 calibre self-propelled howitzer capable of automatic loading and laying of the gun system, rapid in-and-out action times, and a high rate of fire. It offers a protected cabin for a crew of three.

* Price Action: ESLT shares closed higher by 0.54% at $151.21 on Friday.