June 20, 2024 | International, Aerospace
February 19, 2020 | International, C4ISR
Haifa, Israel, February 18, 2020 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that it was awarded an approximately $670 million contract to supply defense solutions to a country in Asia-Pacific. The contract will be performed over a 25-month period.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “This significant contract award is a testament to the trust that customers place with our solutions and to the leading position we hold in the market.”
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 and 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.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Rami Myerson, Director, Investor Relations
Tel: +972-77-2946403
rami.myerson@elbitsystems.com
David Vaaknin, VP, Brand & Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com
IR Contact:
Ehud Helft
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-688-3559
elbitsystems@gkir.com
View source version on Elbit Systems Ltd: https://elbitsystems.com/pr-new/elbit-systems-awarded-670-million-contract-to-supply-defense-solutions-to-a-country-in-asia-pacific/
June 20, 2024 | International, Aerospace
August 30, 2018 | International, Aerospace
by Travis J. Tritten The Pentagon is trying to paper over serious problems with the F-35 joint strike fighter aircraft that could endanger troops, according to an investigation released Wednesday by the Project On Government Oversight. An oversight board looking at development of the high-tech fighter made by Lockheed Martin decided in June to downgrade 19 of the aircraft's most severe deficiencies without a plan for fixes, the watchdog group found. The moves could help speed up the F-35 program, the most expensive in Pentagon history, as it moves into a critical phase of development, said Dan Grazier, a military fellow at POGO and long-time program watcher. “They want to be able to go up to Capitol Hill and say, ‘Nope, we don't have any more Category 1 deficiencies,'” Grazier said. Those types of deficiencies can lead to death and injury, loss of the aircraft or a halt to the F-35 production line. The 19 Category 1 deficiencies downgraded by the F-35 Deficiency Review Board on June 4 included an emergency alert system for when pilots eject and a system for bombing coordinates that could protect troops on the ground from friendly fire. The issues were moved to Category II status, which can impede a military mission, according to board meeting minutes obtained by POGO. Overall, the Government Accountability Office found the F-35 has 111 of the most severe Category 1 problems and 855 deficiencies classified as Category II. “This is not how the development process is supposed to work,” according to the watchdog's investigation. The Pentagon's F-35 Joint Program Office and Lockheed Martin did not immediately comment on the POGO investigation. The next big hurdle for the F-35 comes on Sept. 15, which is the deadline for initial test and evaluation of the aircraft. The tri-service fighters are billed as the most advanced in the world and are chock full of new military technology. The Air Force and Marine Corps variants are already in operational use. The Navy's version is expected to be deemed ready to deploy next year. “We are obviously just three weeks away from that, so the big rush to kind of clear up these paperwork issues is to try to meet that deadline,” Grazier said. “Having these deficiencies, it actually increases the likelihood that the program will not pass IOT&E.” https://www.washingtonexaminer.com/policy/defense-national-security/the-pentagon-is-downplaying-serious-problems-with-the-f-35-watchdog-says
January 11, 2021 | International, Aerospace, Naval, Land, C4ISR, Security
By: Charles Woodburn The beginning of 2020 was an exciting time for our company; we had just announced we would acquire two high-performing new businesses out of the Raytheon and United Technologies Corporation merger. None of us could have predicted that just weeks later, the majority of our 88,000 employees around the world would be working from home as, like so many companies, we grappled with the unprecedented impact of a global pandemic. Like all businesses, we've experienced challenges this year, especially in the areas that support civil aviation. We've had to adapt and make difficult decisions, but thanks to the actions we've taken to enhance the resilience of our business and the remarkable fortitude of our people, we've continued to deliver on our customers' priorities while keeping our people safe. While COVID-19 clearly caused disruption in the second quarter, since then most of our defense businesses have been operating with well over 90 percent of employees working. The willingness of our customers to maintain cash flow into our businesses also enabled us to support our suppliers — including small and medium-sized companies — through the pandemic. Collaborative partnership with our customers has been essential to the defense industry's ability to press ahead over the past year. It remains essential as we move forward through 2021 and face an uncertain global environment with complex threats. It's only by industry and government working closely, understanding each other, and maintaining trust that we'll be able to innovate quickly to outpace the threats. As governments commit to increased spending on defense in countries such as Australia, the U.K. and several European nations, the defense industry must rise to the challenge. Our sector not only provides critical capability for a nation's security — we deliver real benefits to the economy by sustaining and creating highly skilled jobs through investment in research and technology and through exports. I strongly believe we can have a key role to play in restoring the economies of the countries in which we operate. For our part in 2021, we'll continue to invest in skills and in new technologies that are vital to maintaining our strong positions on next-generation capabilities across the air, maritime, land and cyber domains. In the U.S. market, we continue to stay well-aligned to the U.S. National Defense Strategy and are investing heavily in modernizing facilities and using new technologies. For example, we're deploying new virtual manufacturing and robotic welding in our combat vehicle production. While the new administration's priorities are not yet clear, we expect to stay well-aligned, given our work focused on combat vehicles, precision-guided munitions, naval ship repair and modernization, electronic warfare, hypersonics, space resilience, and security. In the U.K., the announcement of increased funding for the Ministry of Defence provides welcome stability. The submission of the outline business case for Tempest at the end of 2020 was another significant step in this hugely exciting project to deliver a next-generation future combat air system. Working with our partners and supply chain, we're using cutting-edge technologies to transform how we design, develop and manufacture, helping to reduce time and cost. We'll ramp up the number of people we have working on the program through 2021, including apprentices and graduates, as part of our commitment to recruit 1,250 trainees across the U.K., despite the pandemic. In Australia, we're excited to have begun work on the prototype for the Hunter-class frigate — an Australian version of the U.K.'s Type 26. We recently recruited the 1,000th Hunter employee and expect to recruit up to 1,000 more people, including apprentices and graduates, in 2021 as the program continues to ramp up. Working with our partners and customer, we're supporting Australia to develop its sovereign defense capability to deliver on the country's recently published 10-year defense strategy. It's been a challenging year of trying to stay connected while maintaining physical distance; the inability to travel to our businesses around the world and meet our people and our customers is something I've found frustrating at times. But if we continue working closely with our partners to use the lessons we've learned in 2020, particularly regarding our agility, resilience and efficiency, this industry can play an increasingly important role in restoring our battered economies, while keeping citizens safe and economies prosperous. Charles Woodburn is the CEO of BAE Systems. https://www.defensenews.com/outlook/2021/01/11/ceo-of-bae-systems-overcoming-hardships-for-a-better-year/