Elbit inks 20 million euro defense contract with Montenegro
Israeli defense firm continues its robust partnership with Balkan nation, providing advanced mortar munition systems and comprehensive military training
Israeli defense giant Elbit inked a 20 million euro contract on Monday with Montenegro, the third such transaction between the company and the Balkan nation since 2019.
The Defense Ministry, which is responsible for approving all weapons exports, announced that Elbit, the country’s largest privately owned defense firm, would equip the Montenegrin government with 120mm mortar munition systems adaptable for 4×4 armored vehicles, in addition to supplying training equipment.
In addition, Montenegrin military personnel will undergo training at Elbit’s warfare academy in Israel.
In 2019, Montenegro signed a $35 million contract with Elbit to procure its remote controlled weapon stations.
Montenegro became a member of NATO in 2017. As a guideline, NATO members are expected to allocate two percent of their domestic income toward defense expenditure.
Elbit is a technology corporation specializing in the development of a broad spectrum of defense, homeland security and commercial systems that are marketed worldwide.
The company, with shares listed on both the Tel Aviv and Nasdaq exchanges, operates in various domains including aerospace, land and naval; command and control; communications; and intelligence, surveillance and reconnaissance systems.