HAIFA,
Israel, Jan. 3, 2023 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit
Systems" or the "Company") announced today that it was awarded a
contract valued at approximately $107
million to provide, operate and maintain the new Main Battle
Tank (MBT) simulation and training centers of the Israeli Defense
Forces' (IDF) Armored Corps. The new training centers will train
commanders and soldiers of the Armored Corps and will maintain
readiness of both regular and reserve units. The centers will be
delivered over a three-year period and the contract includes
operation and maintenance services for an additional period of
fifteen years.
The future simulation and training centers will operate on the
IDF's cloud using the Elbit Systems' cloud-native platform-agnostic
OneSim™ simulation software infrastructure. The IDF's new MBT
training systems will include high fidelity platform trainer
turrets and high fidelity platform trainer drivers with accurate
physical models. The training systems integrate the tank's
operational sub-systems and simulate main and secondary armament
weapon capabilities, all connected to an innovative common
synthetic simulation environment, aiming to provide commanders and
tank crews with the capability to experience a range of real-life
battlefield challenges. The systems will support individual and
collective training up to company level.
The new training centers will incorporate dedicated stations
designed to train the crews together with operational intelligence,
combat support and logistic units enabling the training of all the
components of the combined arms company in a range of operational
combat scenarios. Integrated advanced recording and debriefing
capabilities will enable event reruns, logging and data analysis as
well as trainees performance tracking, from qualification training
to training during reserve duty.
Elbit Systems' training and simulation technological solutions
have been selected to-date by a range of customers among them the
U.S., Israel, the UK, Greece, The
Netherlands, Poland and
others.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems,
said: "We are proud to support the IDF's efforts to elevate its
tank training to the next level. Armed Forces around the world are
redesigning their training capabilities seeking to increase
readiness while improving efficiency at the same time. This
contract award underlines our leading position in this area."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company
engaged in a wide range of defense, homeland security and
commercial programs throughout the world. The Company, which
includes Elbit Systems and its subsidiaries, operates in the areas
of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and
reconnaissance ("C4ISR"), unmanned aircraft systems, advanced
electro-optics, electro-optic space systems, EW suites, signal
intelligence systems, data links and communications systems,
radios, cyber-based systems and munitions. The Company also focuses
on the upgrading of existing platforms, developing new technologies
for defense, homeland security and commercial applications and
providing a range of support services, including training and
simulation systems.
For additional information, visit: https://elbitsystems.com,
follow us on Twitter or visit our official Facebook, Youtube and
LinkedIn Channels.
Company Contact:
Joseph
Gaspar, Senior Executive VP – Business
Management
Tel: +972-77-2948661
j.gaspar@elbitsystems.com
Dr. Yaacov (Kobi)
Kagan, ExecutiveVP - CFO
Tel:
+972-77-2946663
kobi.kagan@elbitsystems.com
Rami Myerson, Director,
Investor Relations
Tel: +972-77-2948984
rami.myerson@elbitsystems.com
Dalia Bodinger, VP,
Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com
IR Contact:
Ehud
Helft
Kenny
Green
EK Global Investor Relations
Tel: 1-212-378-8040
elbitsystems@ekgir.com
This press release may contain forward–looking statements
(within the meaning of Section 27A of the Securities Act of 1933,
as amended, Section 21E of the Securities Exchange Act of 1934, as
amended and the Israeli Securities Law, 1968) regarding Elbit
Systems Ltd. and/or its subsidiaries (collectively the Company), to
the extent such statements do not relate to historical or current
facts. Forward-looking statements are based on management's current
expectations, estimates, projections and assumptions about future
events. Forward–looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, as amended. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions about the Company, which are difficult to predict,
including projections of the Company's future financial results,
its anticipated growth strategies and anticipated trends in its
business. Therefore, actual future results, performance and
trends may differ materially from these forward–looking statements
due to a variety of factors, including, without limitation: scope
and length of customer contracts; governmental regulations and
approvals; changes in governmental budgeting priorities; general
market, political and economic conditions in the countries in which
the Company operates or sells, including Israel and the
United States among others; changes in global health and
macro-economic conditions; differences in anticipated and actual
program performance, including the ability to perform under
long-term fixed-price contracts; changes in the competitive
environment; and the outcome of legal and/or regulatory
proceedings. The factors listed above are not all-inclusive, and
further information is contained in Elbit Systems Ltd.'s latest
annual report on Form 20-F, which is on file with the U.S.
Securities and Exchange Commission. All forward–looking statements
speak only as of the date of this release. Although the Company
believes the expectations reflected in
the forward-looking statements contained herein are
reasonable, it cannot guarantee future results, level of activity,
performance or achievements. Moreover, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements.
The Company does not undertake to update its forward-looking
statements.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated companies.
All other brand, product, service and process names appearing are
the trademarks of their respective holders. Reference to or use of
a product, service or process other than those of Elbit Systems
Ltd. does not imply recommendation, approval, affiliation or
sponsorship of that product, service or process by Elbit Systems
Ltd. Nothing contained herein shall be construed as conferring by
implication, estoppel or otherwise any license or right under any
patent, copyright, trademark or other intellectual property right
of Elbit Systems Ltd. or any third party, except as expressly
granted herein.
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SOURCE Elbit Systems Ltd.