Elbit Systems, controlled by billionaire Mikey Federmann, will supply the Serbian army with a wide range of weapons and defense systems that will upgrade its capabilities as part of its ongoing modernization process, financial daily Calcalist reported on Sunday.
Last week, Elbit reported to the Tel Aviv Stock Exchange a massive deal worth $1.63 billion, but did not disclose the name of the European country that was set to acquire its UAVs. These include its largest drone, the Hermes 900, as well as long-range precision rockets, electronic warfare systems and command-and-control platforms designed to improve and streamline battlefield command capabilities.
Elbit’s refusal to disclose the name of the country that will be equipped with its weapons systems in the coming years was explained by the company as stemming from the client’s request for confidentiality.
A defense source told the Ynet sister publication that the extensive procurement by the Serbian Defense Ministry from Elbit reflects its intentions to improve operational capabilities, against the backdrop of the ongoing war between Russia and Ukraine, now in its third and a half year.
Elbit Systems declined to comment on the report.
Last week, the company published its second-quarter financial results, showing over 21% growth in sales compared to the same quarter last year, totaling about $1.97 billion—an increase of more than 60%.