WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Saturday, August 13, 2022 
Add Press Release News | News Feeds Feeds | Email This News Email


Elbit Systems Awarded $70 Million Contract to Provide EW Solution to an International Customer
Tuesday, July 5, 2022

HAIFA, Israel, June 27, 2022 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $70 million contract to supply an Electronic Warfare (EW) solution to an international customer. The contract will be executed over a period of two and a half years.

Under the contract, Elbit Systems will provide ground-based EW and Signal Intelligence (SIGINT) units equipped with Electronic Support Measures, Electronic Counter Measures as well as Command and Control systems. These units will generate a comprehensive passive air and ground picture and provide an electronic order of battle, enabling effective response to both aerial and land based threats.

Oren Sabag, General Manager of Elbit Systems ISTAR & EW, said: "We witness a growing demand for our EW and SIGINT solutions as militaries across the globe increasingly recognize the critical importance of dominating the electromagnetic spectrum."

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contacts:

Joseph Gaspar, Senior EVP - Business Management
Tel: +972-77-2948661
j.gaspar@elbitsystems.com

Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com

Rami Myerson, Director, Investor Relations
Tel: +972-77-2948984
rami.myerson@elbitsystems.com

David Vaaknin, VP, Brand & Corporate Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com

IR Contact:

Ehud Helft
Kenny Green
GK Investor Relations

Tel: 1-212-378-8040
elbitsystems@gkir.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; 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.

View original content:https://www.prnewswire.com/news-releases/elbit-systems-awarded-70-million-contract-to-provide-ew-solution-to-an-international-customer-301575484.html

SOURCE Elbit Systems Ltd.



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index | Aug 13, 2022
Nav GoPro to Present at Upcoming Investor Conference | Aug 13, 2022
Nav United States Smart Home Market Opportunities in Multifamily Properties 2022 - Consumer Preferences for the Smart Apartment User Experience | Aug 13, 2022
Nav Mercury Broadband Opens New Service Center in St. Joseph, Missouri Supporting Company's Expansion Efforts into the Southwest Missouri and Northeast Kansas Rural Areas | Aug 13, 2022
Nav USD 1.08 Bn growth expected in GigE Camera Market -- Driven by increasing demand from security and surveillance | Aug 13, 2022
Nav Baidu to Report Second Quarter 2022 Financial Results on August 30, 2022 | Aug 13, 2022
Nav IAS to Participate at the Oppenheimer 25th Annual Technology, Internet & Communications Conference | Aug 13, 2022
Nav Global Contact Lenses Market to Reach US$15.8 Billion by the Year 2026 | Aug 13, 2022
Nav Global M2M/IoT Communications Market Report 2022: Cellular IoT Subscribers Increased by 22% During 2021 to Reach 2.1 Billion - Forecast to 2026 | Aug 13, 2022
Nav Putting Fleets in the Fast Lane: AT&T Fleet Complete Launches FC Hub, a Suite of Next-gen Fleet Management Tools | Aug 13, 2022
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News