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FINWIRES

Elbit Systems Unit Awarded $34 Million Israel Defense Contract for F-35 Fighter Jet Upgrade

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Elbit Systems' (ESLT) Cyclone unit has signed a contract valued at over $34 million with Israel's Ministry of Defense for the development of an extended-range capability for Lockheed Martin's (LMT) F-35 "Adir" fighter jet, the agency said Thursday.

The project will cover the development and integration of external fuel tanks based on a Cyclone design that was developed for the F-16 jet, the agency said.

The upgrade will extend the aircraft's operational range, reduce reliance on aerial refueling, and enhance operational flexibility across long-range missions, according to a statement.

Price: $787.01, Change: $+7.59, Percent Change: +0.97%

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