HAIFA,
Israel, May 5, 2024 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems"
or the "Company") announced today that it was awarded an initial
contract of approximately $37 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 24 months.
The Iron Fist APS is an advanced Hard Kill system aimed at
enhancing the self-defense capabilities of 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-armor threats, such as Anti-Tank Rockets
(ATR), Anti-Tank Guided Missiles (ATGM), UAS and Loitering threats,
in both open terrain and complex urban environments.
Yehuda (Udi) Vered, General
Manager Elbit Systems Land: "Our Iron Fist Active Protection
Systems represent the highest level of innovation, offering
comprehensive protection against evolving threats on the modern
battlefield. Through this strategic collaboration with GD-OTS, we
are honored to contribute to the enhancement of the Bradley
Infantry Fighting Vehicles, further empowering the U.S. armed
forces with enhanced capabilities to fulfill their missions
effectively and safely."
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 approximately 19,000 people in dozens of
countries across five continents. In 2023, the Company reported
approximately $6.0 billion in
revenues and an order backlog of $17.8
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
-772947169
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 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