HAIFA, Israel, Sept. 12, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) introduced right this moment that its U.S. subsidiary, Elbit Systems of America LLC, (“Elbit Systems of America”), was awarded a $10 million contract by SOSSEC, Inc. to start section II of the event of an Advanced Low Light Level Sensor (ALLLS) that’s supposed to be used to assist the U.S. Army’s Integrated Visual Augmentation System (IVAS) 2.0 for troopers. The contract can be executed via 2025 and the work can be carried out in Roanoke, Virginia.
SOSSEC, Inc. manages the System of Systems Consortium (SOSSEC) and the Sensors, Communications, and Electronics Consortium (SCEC) via the Other Transaction Authority challenge life cycle of the U.S. Department of Defense.
Under the contract, Elbit Systems of America will develop a number of prototype cameras for laboratory and area testing and experimentation by its Night Vision staff. The ALLLS is a crucial part to the U.S. Army’s IVAS 2.0 idea that integrates next-generation situational consciousness instruments and high-resolution digital sensors to ship a single working image. The IVAS 2.0 is meant to be a considerably enhanced head-up show dramatically enhancing how a soldier senses the encircling surroundings and makes crucial choices within the battlefield.
Raanan Horowitz, President and CEO of Elbit Systems of America, mentioned, “Innovation is what we do. Our workforce understands that breakthrough innovations require bold ideas and execution. We are committed, company-wide, to developing new capabilities for our customers. We’re excited to focus on the ALLLS project and accomplish the U.S. Army’s needs, while learning new methodologies along the way.”
About Elbit Systems
Elbit Systems Ltd. is a world excessive expertise firm engaged in a variety 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 programs, command, management, communications, computer systems, intelligence surveillance and reconnaissance (“C4ISR”), unmanned plane programs, superior electro-optics, electro-optic house programs, EW suites, sign intelligence programs, information hyperlinks and communications programs, radios, cyber-based programs 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 spread of assist providers, together with coaching and simulation programs.
For further data, go to: https://elbitsystems.com, observe us on Twitter or go to our official Facebook, Youtube and LinkedIn Channels.
Company Contacts:
Joseph Gaspar, Senior EVP – Business Management
Tel: +972-77-2948661
[email protected]
Dr. 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
GK Investor Relations
Tel: 1-646-201-9246
[email protected]
This press launch might comprise ahead–trying statements (inside the which 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 info. Forward-looking statements are based mostly 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 will not be ensures of future efficiency and contain sure dangers, uncertainties and assumptions concerning the Company, that are tough to predict, together with projections of the Company’s future monetary outcomes, its anticipated development methods and anticipated developments in its business. Therefore, precise future outcomes, efficiency and developments might differ materially from these ahead–trying statements due to a spread 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 situations within the international locations through which the Company operates or sells, together with Israel and the United States amongst others; modifications in international well being and macro-economic situations; variations in anticipated and precise program efficiency, together with the power to carry out underneath long-term fixed-price contracts; modifications within the aggressive surroundings; and the result of authorized and/or regulatory proceedings. The elements listed above will not be all-inclusive, and additional data 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 converse solely as of the date of this launch. Although the Company believes the expectations mirrored within the forward-looking statements contained herein are affordable, it can’t assure future outcomes, stage of exercise, efficiency or achievements. Moreover, neither the Company nor another particular person assumes duty for the accuracy and completeness of any of these 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 firms. 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 suggest 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 underneath 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.
