Elbit Systems has been awarded a $135 million (NIS 548.46 million) contract to build an artillery ammunition plant for an unnamed international client, which will be completed in the next 24 months, according to an Oct. 29 press release.
The company currently operates a number of artillery ammunition manufacturing facilities with multiple production lines operating in a number of countries, with say senior Elbit Systems officials that there was “increasing demand” from governments seeking to strengthen state capacity.
Elbit Systems offers a number of ammunition in the artillery sector, with a current production capacity of more than 250,000 rounds per year, according to available company information. Typically, the company does not disclose exact customer details on its international defense contracts.
However, Elbit Systems is known to be looking to expand its artillery offerings to the European market, striking a team deal with KNDS to promote its new EuroPULS missile capability to NATO members on the continent.
Get access to the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive edge.
Company Profile – free sample
Thanks!
Your download email will arrive shortly
We are confident in the unique quality of our company profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the form below
From GlobalData
Among its offerings is the M454 (Super HE), which is said to have five times the effect of traditional high-explosive (HE) rounds, as well as HE and ultra-high-explosive rounds and advanced loading systems for a 155mm gun. firing systems with 39, 45 and 52 caliber barrels.
In July this year, the company was awarded a contract worth about $60 million to supply thousands of 155mm artillery shells to the Israel Defense Forces Artillery Corps.
Earlier in May, Rheinmetall and Elbit Systems conducted a live-fire demonstration of the L52 155 mm automated self-propelled howitzer at the Shivta firing range in southern Israel, attended by high-ranking officials from the armed forces of the United Kingdom, Germany, the Netherlands and Hungary.
The global artillery market is expanding
The impetus for increased dominant munitions manufacturing requirements can be attributed to the demand for artillery platforms, driven in part by the ongoing Ukraine-Russia war where the use of the capability has had a decisive impact on the battlefield. More than any other ammunition or weapon system, the provision of ammunition and artillery platforms is considered a key capability, particularly as battle lines return to a more static form with the onset of winter.
Several European countries are bolstering their own stockpiles of artillery shells as continued support for Ukraine is beginning to affect military spare parts, with German defense company Rheinmetall among several companies that have signed a contract to increase munitions production.
According to GlobalData’s analysis, as part of efforts to replace and modernize aging artillery systems, countries around the world have initiated multiple programs to develop and procure modern artillery systems. This will drive global cumulative spending on artillery systems to $153 billion between 2023 and 2033, driving the global artillery systems market to $16.6 billion in 2033.
GlobalData’s Global Artillery Systems Market 2023–2033 report reveals that the artillery systems market will grow at a CAGR of 4% between 2023 and 2033. Conventional wars, such as the one between Russia and Ukraine, have witnessed extensive use of artillery systems, the which in turn led many countries to reassess their capabilities and include modern artillery systems in their inventory.
Read the original at Defence247.gr
