Elbit Systems Awarded a $65 Million Contract to Supply a Modernization Solution to a Latin American Army

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HAIFA, Israel, Oct. 26, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) introduced at this time that it was awarded a contract valued at roughly $65 million to provide a modernization resolution to a Latin American Army. The contract shall be executed over a interval of two and a half years.  

Under the contract, Elbit Systems will provide the primary totally networked mechanized brigade resolution to a Latin American Army, as a part of its deliberate army-wide modernization program. The digitally networked mechanized brigade resolution will comprise of Shaldot’s 4X4 and Paramount’s 6X6 armored autos outfitted with an E-LynX Software Defined Radio cellular community resolution, a battle administration suite of functions in addition to MAGNI mini-Vertical Take-Off and Landing Unmanned Aerial Systems.

Haim Delmar, General Manager of Elbit Systems C4I & Cyber, stated: “We witness a growing recognition by Armed Forces of the necessity of acquiring the capability to conduct interoperable operations. This contract award further validates the leading position we hold in the growing area of combat networked warfare.”

About Elbit Systems

Elbit Systems Ltd. is a world excessive know-how firm engaged in a big selection of protection, homeland safety and business packages all through the world. The Company, which incorporates Elbit Systems and its subsidiaries, operates within the areas of aerospace, land and naval techniques, command, management, communications, computer systems, intelligence surveillance and reconnaissance (“C4ISR”), unmanned plane techniques, superior electro-optics, electro-optic area techniques, EW suites, sign intelligence techniques, knowledge hyperlinks and communications techniques, radios, cyber-based techniques and munitions. The Company additionally focuses on the upgrading of current platforms, creating new applied sciences for protection, homeland safety and business functions and offering a vary of help providers, together with coaching and simulation techniques.

For extra info, go to: https://elbitsystems.com, comply with us on Twitter or go to our official Facebook, YouTube and LinkedIn Channels.

Company Contacts:

Joseph GasparSenior EVP – Business Management
Tel:  +972-77-2948661
[email protected]

Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Tel:  +972-77-2946663
[email protected]

Rami Myerson, Director, Investor Relations
Tel: +972-77-2948984
[email protected]

David Vaaknin, VP, Head of Corporate Communications
Tel: +972-77-2946691
[email protected]

IR Contact:

Ehud Helft
Kenny Green
EK Global IR 
Tel: 1-212-378-8040
[email protected]

This press launch could include ahead–trying statements (inside the that means 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) relating to Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements don’t relate to historic or present details. Forward-looking statements are primarily based on administration’s present expectations, estimates, projections and assumptions about future occasions. Forward–trying statements are made pursuant to the protected harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are usually not ensures of future efficiency and contain sure dangers, uncertainties and assumptions concerning the Company, that are troublesome to predict, together with projections of the Company’s future monetary outcomes, its anticipated progress methods and anticipated traits in its business.  Therefore, precise future outcomes, efficiency and traits could differ materially from these ahead–trying statements due to a number of elements, together with, with out limitation: scope and size of buyer contracts; governmental laws and approvals; modifications in governmental budgeting priorities; normal market, political and financial circumstances within the international locations by which the Company operates or sells, together with Israel and the United States amongst others; modifications in world well being and macro-economic circumstances; variations in anticipated and precise program efficiency, together with the power to carry out below long-term fixed-price contracts; modifications within the aggressive atmosphere; and the result of authorized and/or regulatory proceedings.  The elements listed above are usually not all-inclusive, and additional info is contained in Elbit Systems Ltd.’s newest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All ahead–trying statements communicate solely as of the date of this launch. Although the Company believes the expectations mirrored within the forward-looking statements contained herein are cheap, it can not assure future outcomes, stage of exercise, efficiency or achievements. Moreover, neither the Company nor some other particular person assumes accountability for the accuracy and completeness of any of those forward-looking statements. The Company doesn’t undertake to replace its forward-looking statements.

Elbit Systems Ltd., its emblem, model, product, service and course of names showing on this Press Release are the emblems or service marks of Elbit Systems Ltd. or its affiliated corporations.  All different model, product, service and course of names showing are the emblems of their respective holders.  Reference to or use of a product, service or course of aside from these of Elbit Systems Ltd. doesn’t indicate advice, approval, affiliation or sponsorship of that product, service or course of by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or in any other case any license or proper below any patent, copyright, trademark or different mental property proper of Elbit Systems Ltd. or any third social gathering, besides as expressly granted herein.

SOURCE Elbit Systems Ltd.





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