UAB “Elsis TS” has signed a financing agreement with “Iltė,” a financial institution. The loan funds will be allocated to the implementation of strategic defense and security projects for the national defense system of the Republic of Lithuania.

This financing has been granted under the state aid measure “Billion for Business,” which aims to enhance the resilience of Lithuanian businesses, encourage investment, and contribute to the nation’s increased competitiveness and security.

“We are grateful for the confidence and financial support extended to us. This loan will enable us to work even more effectively on national defense projects and will strengthen our company’s capacity to develop solutions crucial to the security of both Lithuania and our NATO partners,” stated UAB “Elsis TS.”

The “Billion for Business” program provides companies engaged in significant projects with the opportunity to utilize state-guaranteed financing, thereby ensuring business development and contributing to the country’s economic growth.