The Zhitong Finance App learned that Israel's Ministry of Defense signed two major agreements with defense company Elbit Systems (ESLT.US) to supply thousands of heavy air munitions to the Israeli Air Force and will establish a new factory to produce raw materials. The transactions are estimated to be worth NIS 1 billion ($276 million).

The Zhitong Finance App learned that Israel's Ministry of Defense signed two major agreements with defense company Elbit Systems (ESLT.US) to supply thousands of heavy air munitions to the Israeli Air Force and will establish a new factory to produce raw materials. The transactions are estimated to be worth NIS 1 billion ($276 million).