HAIFA,
Israel, April 18, 2023 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit
Systems" or the "Company") announced today that it was awarded a
follow-on contract worth approximately $100
million to convert commercial aircraft into Intelligence and
Electronic Warfare (EW) aircraft for an international customer. The
contract will be performed over a period of three years.
As part of the contract, Elbit Systems will equip the
aircraft with advanced Intelligence Mission Suite and EW
capabilities. This solution will provide a comprehensive
operational picture of the arena generated by SIGINT and
Electro-Optics VISINT sensors and systems as well as the capability
to activate Electronic Counter Measures against a range of threats.
The aircraft will also be equipped with Immune Satellite Navigation
Systems (ISNS) and an advanced self-protection solution.
Using electronic warfare systems, targeted electronic attacks
can be launched to disrupt and block a wide variety of
Communication and Radar threats, and enable the aircraft SIGINT
operator's full spectrum control.
Oren Sabag, General Manager of
Elbit Systems ISTAR & EW: "This contract highlights our
market-leading broad portfolio of ISTAR and EW capabilities and our
ability to provide integrated solutions adapted to the customers'
needs. This airborne ISR and EW solution is relevant for today's
defense needs, and designed to be 'future ready' and adaptable to the fast-evolving
operational requirements of our customers."
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:
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.