HAIFA,
Israel, May 8, 2024 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems"
or the "Company") announced today that it was awarded a contract
worth approximately $53 million to
supply the Crossbow Unmanned Turreted 120mm Soft Recoil Mortar
Systems to General Dynamics European Land Systems (GDELS) for
the installation on Pandur 6x6 APC wheeled armored vehicle for
a European customer. The contract will be performed over a period
of 6 years.
This marks the first contract signed for the supply of the
Crossbow since its unveiling at the DSEI exhibition in London in 2023. Elbit Systems' Crossbow offers
high protection and survivability for the mortar operator's crew
and a short sensor-to-shooter circle, and is capable of shooting
the first round in less than 30 seconds. It has a maximum rate of
ten rounds per minute with a sustained rate of fire of six rounds
per minute. The system can fire a variety of NATO 120mm ammunition,
including the Iron Sting guided mortar munition, providing an
effective range of up to 10 kilometers. No index loading is
required for the Crossbow turret, which offers a 360°
capability.
Yehuda (Udi) Vered, General
Manager of Elbit Systems Land: "We are proud to receive the
first order from a leading international costumer for our
state-of-the-art Crossbow Unmanned Turreted Mortar System. The
turreted mortar, with its precise guided round, reaffirms our
commitment to developing and providing innovative and advanced land
systems as solutions to the evolving needs of the modern
battlefield."
About Elbit System
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: +972-77-2947169
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.
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SOURCE Elbit Systems Ltd.