Elbit will supply Hermes 900 drones to the Thai army for about 120 million dollars

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Defense Industries Company Elbit Systems


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Continues to sign contracts and reports winning a $120 million contract to supply the Thai Navy with Hermes 900 UAVs.

The contract period is for three years, under which Elbit Systems will supply the UAV equipment, electro-optical diagnostic systems, satellite communications, rescue boats and other capabilities. the coast, as well as control over large areas of the Thai coastline, communication with other vessels, and the performance of civilian tasks such as the rescue of civilians lost at sea and the identification of suspicious activities along the coastline.”

So far, Elbit updates that it has sold the drone to more than 20 different countries, which include, among others, Israel, the United Kingdom, Switzerland, Canada, the United Nations, the European Union, Brazil, Chile and Mexico.

CEO of Elbit Aircraft, Yoram Shmueli: “This is another achievement for the Melti Hermes family. We have recently experienced an increase in demand for UAVs from our international customers, as these UAVs will increase the countries’ military power and allow them to deal with a wide range of threats.”

It should be noted that yesterday Elbit reported that it was hacked by a hacker who leaked information about about 370 employees of the company. The company announced that it refused to pay a ransom for the leaked information.

In the company’s reports for the second quarter, Elbit missed the analysts’ forecasts in the top and bottom lines, but presented an increase in the order backlog to 14.1 billion dollars. The company recorded revenues of $1.3 billion, similar to the corresponding quarter last year and slightly below analysts’ expectations for revenues of approximately $1.32 billion. The net profit per share (on a NON-GAAP basis) was $1.73 – below analysts’ expectations of a profit of $1.87 per share.

During the quarter, Elbit signed a number of deals: an agreement with a country for 240 million dollars, a training contract for a country in the Asia Pacific for 76 million, contracts for 60 million with the US military, unmanned turrets for RCM for a country in Asia for 80 million ‘ and more.

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