Jerusalem, Aug. 12 -- Israel's Defense Ministry signed a 260-million-U.S. dollar contract with Israeli defense electronics firm Elbit Systems to supply advanced airborne munitions to the Israeli army, both sides announced Monday in separate statements.

The deal includes an upgraded version of the Rampage, a long-range, supersonic, air-to-ground precision missile, capable of striking targets like air force bases, munitions depots, bunkers, and communication facilities, according to Israeli news website Ynet and business newspaper Calcalist.

The missile features satellite navigation and "fire-and-forget" guidance, among others.

Manufacturing will take place at Elbit's facilities in Israel, which have operated at surge capacity since the...