HAIFA,
Israel, Nov. 5, 2024 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems"
or the "Company") announced today that it was awarded a follow-on
contract of approximately $127
million to supply Iron Fist Active Protection Systems (APS)
to General Dynamics Ordnance and Tactical Systems (GD-OTS) for
upgrades to the U.S. Army's Bradley M2A4E1 Infantry Fighting
Vehicles (IFVs). The contract will be performed over a period of 34
months.
The Iron Fist APS is an advanced Hard Kill system aimed at
enhancing the self-defense capabilities of light and heavy armored
platforms against modern battlefield threats. It is the Israel
Defense Force's Second-Generation APS and is characterized by high
performance and low volume, weight and power requirements. The
system provides armored platforms with 360-degree protection from a
wide variety of anti-tank threats, such as Anti-Tank Rockets (ATR),
Anti-Tank Guided Missiles (ATGM), Unmanned Aircraft Systems (UAS)
and Loitering threats, in both open terrain and complex urban
environments.
Yehuda (Udi) Vered, General
Manager of Elbit Systems Land: "This follow-on contract with
our strategic partner, GD-OTS, emphasizes the high quality of our
active protection system and its level of innovation. We are proud
of our contribution to empowering the U.S. Armed Forces, as well as
other NATO customers and our support of the Israeli Defense Forces.
We remain committed to advancing cutting-edge solutions that
enhance our customers' operational capabilities and support their
mission success."
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,
Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP,
Investor Relations
Tel: +972 -544-262636
finn.daniella@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 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.