HAIFA,
Israel, Oct. 28, 2024 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems"
or the "Company") announced today that it was awarded an
approximately $200 million contract
by the Israeli Ministry of Defense (IMOD) to supply high-power
laser systems for the "Iron Beam" air defense system.
Under the contract, Elbit Systems will supply the IMOD, under
the "Iron Beam" project, its high-power laser solution, developed
by the Company to provide a robust defense against a variety of
threats. Additionally, the contract includes ongoing support
services.
Bezhalel (Butzi) Machlis, President and CEO of Elbit
Systems: "As Israel's Laser Center and a global leader in
high-power laser technology, Elbit Systems congratulates on the
significant progress made in the "Iron Beam" project and is proud
of its contribution to its success. The capabilities developed at
Elbit Systems represent a leap forward in future defense against
various threats."
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
Dr. David Ravia,
Investor Relations
Tel: +972-77-2947169
david.ravia@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.
View original
content:https://www.prnewswire.com/news-releases/elbit-systems-awarded-approximately-200-million-contract-by-the-israeli-mod-to-supply-high-power-laser-for-the-iron-beam-air-defense-system-302288401.html
SOURCE Elbit Systems Ltd.
