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Israeli defense titan Elbit lands $600 million deal with Australian Armed Forces

Firm says will supply Australian army's Redback infantry fighting vehicles with advanced systems in 5-year deal
Navit Zomer|
Israeli military manufacturer Elbit Systems announced on Monday that it has been awarded a contract worth an eye-popping $600 million to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project.
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According to a statement, the project, which will span over five years, "aims to deliver advanced protection, fighting capabilities and sensors suite to the Redback Infantry Fighting Vehicles (IFV) for the Australian Army."
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Elbit HQ
Elbit HQ
Elbit HQ
(Photo: Avihu Shapira)
The Redback integrates the Redback Turret which is based on the latest generation of Elbit Systems’ 30 mm manned turret with the COAPS gunner sight, additional electro-optic systems, Iron Fist active protection system, Elbit Systems’ Iron-Vision advanced situational awareness head-mounted display system and Elbit Systems’ ELAWS laser warning system.
“This milestone reaffirms our commitment to delivering advanced, mission-critical solutions to the Australian Army," said Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems. "Elbit Systems is dedicated to supplying cutting-edge defense technologies that will safeguard troops on the modern battlefield.”
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בוצי מכליס, נשיא ומנכ"ל אלביט
בוצי מכליס, נשיא ומנכ"ל אלביט
Elbit Systems President and CEO Bezhalel (Butzi) Machlis
(Photo: Orel Cohen)
Elbit Systems had a record-breaking year in 2023, echoing the broader defense sector's surge in demand for weaponry following the Russia-Ukraine conflict. The company's order backlog hit an impressive $16.6 billion, indicating potential for even higher records in the coming year. Elbit's annual sales revenue for 2023 was around $5.5 billion.
Before winning the tender for the Australian Army, Elbit Systems secured a $300 million contract to supply a European client with systems for approximately 230 armored vehicles. These systems include weaponry, reconnaissance, driving and situational awareness technologies. The six-year contract covers customized design, manufacturing, product lifecycle maintenance and extensive support within the client's country.
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