Benzinga | Jan 13, 2022 11:44AM EST

Elbit Systems To Supply Combat Management Systems To The Royal Swedish Navy

* Elbit Systems Ltd (NASDAQ:ESLT) Swedish subsidiary, Elbit Systems Sweden AB, has secured a contract from the Swedish Defence Material Administration to supply the Albatross Combat Management Systems (CMS) for the Royal Swedish Navy.

* The contract is in an amount that is not material to Elbit Systems and will be performed over a period of 34 months.

* Elbit Systems Sweden will supply the Albatross CMS for the Sp?r? Class Mine Countermeasures (MCM) Vessels of the Royal Swedish Navy. Albatross is a scalable open architecture CMS based on the company's E-CIX platform.

* Price Action: ESLT shares closed higher by 1.12% at $176.57 on Wednesday.