HAIFA,
Israel, Nov. 18, 2024 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit
Systems" or the "Company") announced today that it was awarded
contracts worth a total amount of approximately $335 million, to supply defense systems to a
European country. The contracts include the supply of
PULS™ (Precise and Universal Launching
Systems) rocket launchers and rockets, as well as
Hermes™ 900 Unmanned Aircraft Systems (UAS)
equipped with advanced payloads. The contracts will be performed
over a period of three years and six months.
Elbit Systems' PULS provides a comprehensive and cost-effective
solution capable of launching unguided rockets, precision-guided
munitions, and missiles with various ranges. The PULS launcher is
fully adaptable to existing wheeled and tracked platforms, enabling
significant reductions in maintenance and training costs.
The Hermes 900 multi-role MALE UAS is Elbit Systems'
largest unmanned aerial vehicle, designed to perform a wide range
of missions, including area dominance and persistent intelligence,
surveillance, target acquisition and reconnaissance (ISTAR) across
land and maritime domains. Since its first order in 2011, the Hermes
900 has been selected by over 20 customers worldwide.
Bezhalel (Butzi) Machlis, President and CEO of Elbit
Systems: "We are proud to support our European customer with
advanced and versatile defense solutions that enhance operational
effectiveness and adaptability. These contracts reflect the global
trust in our innovative systems, such as the PULS and Hermes 900,
which are designed to meet a broad range of mission requirements.
Through our comprehensive portfolio, we remain committed to
providing our customers with reliable, technologically advanced
tools that address today's complex defense challenges."
About Elbit Systems
Elbit Systems is a leading global defense technology company,
delivering advanced solutions for a secure and safer world. Elbit
Systems develops, manufactures, integrates and sustains a range of
next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging
Israel's technology ecosystem,
Elbit Systems enables customers to address rapidly evolving
battlefield challenges and overcome threats.
Elbit Systems employs over 20,000 people in dozens of countries
across five continents. The Company reported as of June 30, 2024, approximately $1.6 billion in revenues and an order backlog of
approximately $21.1 billion.
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
Daniella Finn, VP,
Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP,
Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.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, including the duration and
scope of the current war in Israel, and the potential impact on our
operations; 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 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.